447 Cambridge Street, Floreat, WA 6014 | Property Value & History | OnTheHouse
 
OFF MARKET

447 Cambridge Street
Floreat WA 6014

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 147m2
Land area: 1004m2
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Property Details for 447 Cambridge St, Floreat

Building Type
Commercial
Floor Size
147m2
Land Size
1004m2
Local Government
Cambridge
Lot/Plan
214/P003480

Last Listing description (May 2022)

Situated among the residentials and other commercials, this road frontage retail shop is located along a prominent access of Cambridge St, providing excellent exposure to your business as well as easy access to the customers. Car parking along the streets and open parking area are within walking distance.

The Shop

Renovated with a good size of approximately 85 sqm, notably it comes with the fixture and fitting ready for immediate occupation. The time and cost saved are valuable. Check these out:
- Grease trap
- Canopies and exhausts
- Cool room
- Dishwasher
- Cassette-type air conditioning
- Comprehensive set of stainless steel plants and equipment
- Flooring and ceiling done up, both dining and kitchen
- 2 designated car bays as part of the lease

Neighbourhood
The surrounding neighborhood including Wembley, Wembley Downs, Floreat, Subiaco, Churchlands, Innaloo and a few more. Being within a local commercial catchment and close proximity to residential areas are added advantages for the business.
The immediate vicinity is complemented with shops and food businesses for breakfast, lunch, dinner and the choice between Western and Asians'. Everyone benefits! Further up on the busy Cambridge St are businesses and services, indeed a vibrant and dynamic suburb. Accessibility is easy and convenient. Public transport is readily available.

Lease Terms
- Western cuisines or caf
- 5 years fixed lease
- $58,000 a year or $1,115 a week, including outgoings (plus GST)
- Tenants pay water, electricity, gas, telecommunication, cleaning and grease disposal separately

Please call John Hu at 0425 60 1881 to organize a private viewing.

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Property History for 447 Cambridge St, Floreat, WA 6014

A timeline of how this property has performed in the market
Last Sold
$500,000
25 Jun 2003
Listed for Rent
23 Feb 2018
  • 28 Jun 2021
    Listed for Rent $58,000 / year
  • 13 May 2018
    Listed for Rent - Price not available
  • 25 Jun 2003
    Sold for $500,000
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About Floreat 6014

The size of Floreat is approximately 4.8 square kilometres. It has 30 parks covering nearly 24.4% of total area. The population of Floreat in 2016 was 7899 people. By 2021 the population was 8621 showing a population growth of 9.1% in the area during that time. The predominant age group in Floreat is 10-19 years. Households in Floreat are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Floreat work in a professional occupation.In 2021, 86.20% of the homes in Floreat were owner-occupied compared with 86.10% in 2016.

Floreat has 3,370 properties. Over the last 5 years, Houses in Floreat have seen a 57.74% increase in median value, while Units have seen a 82.45% increase. As at 31 March 2026:

  • The median value for Houses in Floreat is $2,468,436 while the median value for Units is $1,213,414.
  • Houses have a median rent of $1,175 while Units have a median rent of $810.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Floreat on OnTheHouse. According to Cotality's data, 117 properties were sold in the past 12 months in Floreat.

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