9/178-184 Cambridge StreetWembley WA 6014
Property Details for 9/178-184 Cambridge St, Wembley
Last Listing description (May 2026)
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 catchmentLease 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
Property History for 9/178-184 Cambridge St, Wembley, WA 6014
- 24 Oct 2025Sold for $1,850,000
- 23 Jul 2025Listed for Sale $1,950,000 (Going Concern)
- 25 Oct 2019Sold for $1,550,000
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0About Wembley 6014
The size of Wembley is approximately 4.2 square kilometres. There are 13 parks, covering nearly 25.0% of the total area. The population of Wembley in 2016 was 11301 people. By 2021 the population was 12061 showing a population growth of 6.7% in the area during that time. The predominant age group in Wembley is 30-39 years. Households in Wembley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wembley work in a professional occupation.In 2021, 59.30% of the homes in Wembley were owner-occupied compared with 58.60% in 2016.
Wembley has 5,965 properties. Over the last 5 years, Houses in Wembley have seen a 89.04% increase in median value, while Units have seen a 115.23% increase. As at 30 June 2026:
- The median value for Houses in Wembley is $2,354,254 while the median value for Units is $627,661.
- Houses have a median rent of $1,050 while Units have a median rent of $590.
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