224 Cambridge Street, Wembley & 10 Gregory Street, Wembley
Wednesday 2nd May 2012 1:00pm On Site.

This highly versatile site is located on the corner of Cambridge Street and Gregory Street.
One of the best opportunities in Wembley, these two buildings have excellent potential for excellent investment return.

*Potential for residential re development (subject to council approval)
*Land Area: 224 Cambridge Street 414sqm & 10 Gregory Street 320sqm
*Ample off street parking
*Unique building in a highly sought after location
*Zoning Commercial

For more information on this property contact Susan Taylor from Ray White Centro on 0417 771 112 or Boyd Fraser - Auctioneer 0403 007 725.

224 Cambridge Street comprising of Shop 1, Shop 2 and Shop 3

Council Rates: $5,643.13 per annum
Water Rates: $1,826.55 per annum
Block Size: 414sqm
Building Area: 253.29sqm

Shop 1: Building area 120.40sqm approximate at current rental $33,000 p/a inclusive of outgoings ($2,750 per calendar month)
Shop 2: Building area approximate 54.54sqm at current rental $16,655.88 p/a plus GST
Shop 3: Building area approximate 74.32sqm at current rental $19,763.76 p/a plus GST

Suitable for mix use with council approval.

10 Gregory Street:

Council Rates: $2,903.93 per annum
Water Rates: $1,351.35 per annum
Block Size: 320sqm
Building Area: 115sqm

This property is being offered in accordance with the standard Auction conditions recommeneded and prepared by REIWA, which incorporate the joint form of General Conditions for the sale of land most recently approved by the real Estate Institute of Western Australia (inc) Copies of both documents are available from the Auctioneer Boyd Fraser and sellers Agent Susan Taylor