199-201 Cambridge Street Wembley WA 6014

+ Land area 1,872sqm
+ 60 metre* frontage to Station Street
+ Zoned 'Medical'

Introduction
Burgess Rawson are pleased to offer for sale by Offers Invited this superbly located corner development site opposite St John of God Subiaco Hospital recently approved for a $300m+ development. The property resides on a 1,872sqm parcel of land enjoying a 60 metre frontage to Station Street.

Location
Situated on the corner of Cambridge & Station Street. The property resides in a premium Subiaco location as one of the very few remaining substantial development opportunities zoned 'Medical'.

Improvements
199 Cambridge St - Freestanding consutling rooms comprising reception/waiting area, consulting rooms and ample onsite parking
201 Cambridge St - Residential 3 bedroom, 1 bathroom house currently leased. Please refer Selling Agents.

Legal Description
Lots 137 & 138 on Plan 3232 Certificate of Title Volumes 1139 & 2061 Folios 514 & 45.

Land Details
Frontage to Station Street 60.35 metres
Frontage to Cambridge Street 31.04 metres
Total Land Area 1,872sqm

Zoning
The Town of Cambridge advise that the property is zoned 'Medical'.

Possession
The property is offered for sale with the current lease. Please refer Selling Agents for further details.

Goods and Services Tax
The sellers are registered for GST and the buyer will be required to pay GST on the purchase price at settlement.

St John of God Subiaco Hospital
The St John of God Healthcare Board have approved the $300m+ redevelopment
of the hospital.
New facilities include:
+ New eight storey 260 bed clinical block
+ 24/7 Emergency Department
+ Dedicated mother and baby unit including new Neonatal Intensive Care Unit, new emergency obstetric operating theatre, 10 birth suites, large patient rooms and wards
+ Dedicated Heart Centre
+ Australia's first purpose built Pandemic Ward
+ Six operating theatres
+ Net gain of 150 additional single patient rooms
+ A la carte room service
+ New Chapel
+ Additional parking
+ Medical suites
+ Retail facilities
+ Additional lifts to improve movement

*Approx.