Harrper Projects in conjunction with Tsokos Real Estate offer this outstanding commercial redevelopment opportunity.
Cambridge & Northwood Gateway Site – RAC-3 Zoning Potential
141 – 143 Cambridge Street & 35 – 37 Northwood Street, West Leederville
Land Area: Approx. 1,299 sqm (combined)
Zoning: Mixed Use under the Town of Cambridge Local Planning Scheme No. 1
Precinct: Cambridge High Street (Precinct 1) – Draft West Leederville Precinct Structure Plan
Density Code: RAC-3 – enabling high-density, up to nine levels of mixed-use development, within this development precinct.
THE LOCATION
Commanding a high-exposure corner position at the intersection of Cambridge Street and Northwood Street, this landmark site sits at the gateway to the West Leederville Activity Centre, just 300 m from West Leederville Train Station and 3 km from the Perth CBD.
Surrounding amenity includes vibrant café, retail and medical services along Cambridge Street, with convenient access to Subiaco, Leederville and the Mitchell Freeway.
DEVELOPMENT POTENTIAL
Situated within Precinct 1 – Cambridge High Street, identified for urban intensification.
RAC-3 density allows up to nine-storey mixed-use development, combining residential apartments, commercial suites and ground-floor activation.
Site amalgamation provides a total area of approx. 1,299sqm, offering design flexibility and strong development efficiencies.
Draft Structure Plan supports high-quality architectural outcomes and activated street frontages along the Cambridge Street corridor.
CURRENT IMPROVEMENTS
Existing improvements comprise a two-story commercial building across Lots 223 & 701 Cambridge Street, providing 609 sqm* of NLA, fully leased to quality tenants with an annual net income of approx. $164,000 p.a.
The holding income supports a staged development or land-banking strategy while detailed design and planning approvals are pursued.
KEY FEATURES
Prime inner-city location 3 km from Perth CBD
Prominent dual street frontages totalling 42.65 m
Mixed-Use zoning with RAC-3 potential for up to nine storeys
Partially leased income-producing asset
Corner gateway site located on the Cambridge & Northwood Street intersection
Ideal for medical, offices or apartments and retail-activated mixed-use development
FOR SALE – EXPRESSIONS OF INTEREST
Offers Invited
For further information, please contact: Paul Perin 0411 514346
HARRPER PROJECTS
harrperprojects.com.au
