9/178-184 Cambridge Street Wembley WA 6014

Sterling Property, as Exclusive Selling Agents, are pleased to present a prime opportunity for investors to secure a premium healthcare asset with strong fundamentals, long term lease, and a quality tenant (Envision Medical Imaging Pty Ltd) all in one of Perth's most prestigious and tightly held medical precincts.

This medical suite is located in the heart of the Subiaco/Wembley healthcare corridor, directly opposite St John of God Hospital. Cambridge Street is widely regarded as one of Perth's leading medical addresses, underpinned by consistent demand, minimal vacancy, and a strong tenant profile dominated by healthcare professionals and medical specialists.

Key Highlights:
- 175sqm* (NLA) consulting suite within a modern, well-maintained strata complex
- Leased to an established medical tenant who occupies additional space in the building
- Lease expiry 2031 providing long-term tenure and secure income stream
- 8 secure undercover car bays on title a significant value add in this precinct
- Positioned alongside high-performing medical businesses including day surgery and imaging services
- Strategic location with immediate proximity to St John of God Hospital, Subiaco
- Easily accessible via public transport, with strong surrounding amenity and patient catchment

Lease Details:
- Leased to Envision Medical Imaging Pty Ltd
- Net passing income: $111,628.80* per annum + GST
- 2.5% annual increases with Market Review at 1 November 2029
- Current lease term to 31 October 2031
- Outgoings: $37,600 per annum + GST (Fully Recovered)
- Car bay license for 8 bays

Location:
The property is ideally positioned on Cambridge Street, one of Perth's most prestigious medical corridors. This tightly held strip is home to a large concentration of medical and allied health providers, offering significant referral potential and synergy between businesses.

St John of God Subiaco is directly opposite, with surrounding developments including specialist clinics, pathology labs, private day hospitals, and imaging centres. The area is well-serviced by public transport, close to major arterial roads, and benefits from strong patient foot traffic and accessibility.

Asking Price:
$1,950,000 (Going Concern)

Exclusive Selling Agents:
For further information, Please contact Exclusive Selling Agent Brian Neo on 0411 868 486.

*approximate