199-201 Cambridge Street, Wembley, WA 6014

CBRE is pleased to present to the market 199–201 Cambridge Street, Wembley, a 1,872 sqm* strategic development opportunity, positioned on the prominent corner of Cambridge and Station Streets, Wembley, directly opposite the prestigious St John of God, Subiaco Hospital.  

On the doorstep of the CBD and within the affluent ‘Western Suburbs’ of Perth, the site holds a 60 metre frontage to Station Street, high-profile exposure to Cambridge Street and rear laneway access, making it ideally suited for medical and mixed-use development. 

The property is located within the tightly held Cambridge Street Medical Precinct, home to the healthcare sectors most renowned operators, including GenesisCare, St John of God Health Care, Envision Imaging, Genea Horizon, Sonic, Healius and an extensive list of local healthcare operators.

Investment highlights

•	Scale and exposure: a 1,872 sqm* prominent, corner land holding with frontage to the arterial Cambridge Streets, plus rear lane access.

•	Hospital Proximity: St John of God Subiaco Hospital, Perth’s most prestigious private hospital, is located directly opposite the site and is mid-way through a significant multi-stage redevelopment.

•	Medical zoning in core precinct: Zoned medical under Town of Cambridge allowing a clear pathway for multi-level healthcare development approval.

•	Holding Income The property includes holding income from a strong performing medical tenant and potential to improve income via lease of the second building.

•	Multiple frontages: The site’s multiple street frontages and laneway access to the rear will allow for construction efficiency and various design options 


The WA economy continues to lead the nation on growth and performance, with many of the primary drivers underpinning continued performance of the healthcare sector in particular. 

199–201 Cambridge Street, Wembley is an exceptional opportunity to secure one of the most compelling medical development sites to have been offered to market in recent times. 

For Sale via Offers to Purchase campaign closing Thursday 26th November at 2pm AWST.