Colliers International are pleased to bring to the market, 224 Cambridge Street & 10 Gregory Street, Wembley. The two sites occupy a prominent corner position, returning an approximate net income of $131,317 per annum.

The properties form a rectangular shaped corner site benefitting from approximately 18,000 passing vehicles per day being located within the tightly held commercial precinct of Wembley.

The sites are improved with two buildings providing a total lettable area of approximately 364sq m. One of the buildings provides approximately 225sq m of accommodation to three retail tenancies fronting Cambridge Street. The other building, fronting Gregory Street, comprises a character office building of approximately 115sq m.

The property benefits from flexible “Commercial” zoning allowing for a number of potential uses STCA. The site has an underlying residential density of R60.

Key Features of the property include:
• 364 sq m of lettable area*
• 734 sq m site area*
• WALE of 4.59 years
• Fully leased net passing income of $131,317*
• Combined frontage of 67.70 metres
• Flexible zoning with future development potential (STCA)
* Approximate figures

Don’t miss your opportunity to secure a retail asset with stable holding income and future development potential within the tightly held Wembley commercial precinct.

For any further information, please contact the Exclusive Selling Agents:

Ben Tana
0434 659 807
Ben.tana@colliers.com

or

Tory Packer
0434 659 9...
Tory.packer@colliers.com

To view our sales video, please paste this URL into your browser: https://youtu.be/EeSEHq2em-U