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Northbridge, WA 6003
Development Sites & Land • Shops & Retail • Hotel, Motel & Leisure
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Prime Northbridge landholding, strong income + major PBSA / mixed-use upside
- Prime City Link location
- Landbank or Development Opportunity
- Location - Location - Location
Positioned in the heart of Northbridge, directly opposite the emerging ECU City Campus (opening to students from February 2026) and Yagan Square. This rare multi-frontage landholding offers immediate holding income with multiple value-add pathways – land-banking, complete redevelopment, staged redevelopment and partial development opportunities.
Asset highlights:-
• Substantial “city-fringe” landholding:
Approx. 3,724 sqm site area with an L-shaped footprint and multiple street frontages (William St / Roe St / James St / Nicks Lane).
Clean and contamination free.
• Core income producing asset:
Ground floor retail arcade plus upper-level tenancy, and fully leased contiguous Roe Street land parcels.
• Fully leased income profile:
100% Occupancy, nil existing incentives combined with strong cash-flow projections, 2.5 WALE.
• Planning and uplift optionality:
City of Perth City Centre zoning (Northbridge Precinct) with short-to-medium term redevelopment potential (including potential staged/partial redevelopment of components).
• Transport + amenity:
Immediate access to major public transport nodes, Perth CBD and Northbridge’s retail/entertainment precinct, Chinatown, Perth Cultural Centre, North Metropolitan Tafe, and RAC Arena.
• PBSA / university precinct upside:
Directly opposite Perth’s transformational ECU City Campus (Semester 1 / Feb 2026 intake), reinforcing long-run demand drivers for student accommodation, build-to-rent and mixed-use outcomes.
Prime “walk to campus” location within the rapidly growing Perth City Link / university precinct and Northbridge activation zone.
• Purpose Built Student Accommodation (PBSA) redevelopment upside (STCA)
Comprehensive feasibility study outlining high-density PBSA-led redevelopment pathway incorporating retail/commercial activation and significant resident amenity:
Indicative scheme scale: ~1,365 beds
Indicative Retail: ~2,500 sqm
Indicative GFA potential: ~48,608 sqm
Area controls show plot ratio zones 4:1 / 5:1, with substantial bonuses
Projected shortfall of 4,200+ student beds, and ongoing demand drivers including ~3.9%+ p.a. growth and ~500+ beds per year requirement.
Indicative equity hurdle rates for PBSA ~12–14% IRR, showcasing overwhelmingly strong investment case
• Opportunities:
Landbank with strong holding income while design, planning and operator/market positioning is progressed.
Reposition / renew leasing to further enhance income and tenant mix.
Staged redevelopment / partial development potential across the broader landholding (subject to approvals).
Contact for further information.
Asset highlights:-
• Substantial “city-fringe” landholding:
Approx. 3,724 sqm site area with an L-shaped footprint and multiple street frontages (William St / Roe St / James St / Nicks Lane).
Clean and contamination free.
• Core income producing asset:
Ground floor retail arcade plus upper-level tenancy, and fully leased contiguous Roe Street land parcels.
• Fully leased income profile:
100% Occupancy, nil existing incentives combined with strong cash-flow projections, 2.5 WALE.
• Planning and uplift optionality:
City of Perth City Centre zoning (Northbridge Precinct) with short-to-medium term redevelopment potential (including potential staged/partial redevelopment of components).
• Transport + amenity:
Immediate access to major public transport nodes, Perth CBD and Northbridge’s retail/entertainment precinct, Chinatown, Perth Cultural Centre, North Metropolitan Tafe, and RAC Arena.
• PBSA / university precinct upside:
Directly opposite Perth’s transformational ECU City Campus (Semester 1 / Feb 2026 intake), reinforcing long-run demand drivers for student accommodation, build-to-rent and mixed-use outcomes.
Prime “walk to campus” location within the rapidly growing Perth City Link / university precinct and Northbridge activation zone.
• Purpose Built Student Accommodation (PBSA) redevelopment upside (STCA)
Comprehensive feasibility study outlining high-density PBSA-led redevelopment pathway incorporating retail/commercial activation and significant resident amenity:
Indicative scheme scale: ~1,365 beds
Indicative Retail: ~2,500 sqm
Indicative GFA potential: ~48,608 sqm
Area controls show plot ratio zones 4:1 / 5:1, with substantial bonuses
Projected shortfall of 4,200+ student beds, and ongoing demand drivers including ~3.9%+ p.a. growth and ~500+ beds per year requirement.
Indicative equity hurdle rates for PBSA ~12–14% IRR, showcasing overwhelmingly strong investment case
• Opportunities:
Landbank with strong holding income while design, planning and operator/market positioning is progressed.
Reposition / renew leasing to further enhance income and tenant mix.
Staged redevelopment / partial development potential across the broader landholding (subject to approvals).
Contact for further information.
Northbridge, 6003 demographic data
The median household income for Northbridge is $1,853, 1% lower than Greater Perth's household income of $1,865. Northbridge has a younger age profile compared to the rest of Greater Perth (median age 31 vs 37). Property ownership data shows 64% of property owners in Northbridge have a mortgage.
1,420
Population
$1,853 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
0402 047 7...
Address available on request
Northbridge, WA 6003
The Paolucci GroupHay Street
WEST PERTH, WA 6005
WEST PERTH, WA 6005
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