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Colliers, CBRE and Oliveri Capital are pleased to present to the market for sale 39-49 Henry Street, Penrith, offering a unique opportunity to acquire a mixed use development site within Penrith CBD.
Penrith is located 55 kilometres west of the Sydney CBD on the banks of the Nepean River and at the base of the Blue Mountains. It is a major metropolitan city with NSW planning earmarking the city to grow substantially over the course of the next decade. The site has a design scheme which supports the development of 476 residential units, complemented by office and retail spaces, making it a versatile and highly attractive investment within the heart of growing Penrith CBD.
Property Highlights:
• 6,355sqm* land parcel with favourable planning controls in the form of MU 1 Mixed Use and 7.8:1 FSR (SEARS Approved 30% bonus)
• Strategically located in the Penrith CBD
• Leverage existing MU1 zoning to unlock development upside
• Penrith Station located only 850 metres from subject site, providing frequent services to and from the Sydney CBD and is also a stop on the intercity Blue Mountains Line
• Potential to unlock the district view from the future development
• Capitalise on Penrith's transformation into a major economic hub - $7.9bn of local economic output with population forecast to reach 1 million by 2031
39-49 Henry Street, Penrith is being offered for sale via Expressions of Interest Campaign closing on Thursday 3 July 2025 at 3pm (AEST).
For more information please contact the exclusive agents.
*Approximate
Remember to mention you found this property on DevelopmentReady
Colliers, CBRE and Oliveri Capital are pleased to present to the market for sale 39-49 Henry Street, Penrith, offering a unique opportunity to acquire a mixed use development site within Penrith CBD.
Penrith is located 55 kilometres west of the Sydney CBD on the banks of the Nepean River and at the base of the Blue Mountains. It is a major metropolitan city with NSW planning earmarking the city to grow substantially over the course of the next decade. The site has a design scheme which supports the development of 476 residential units, complemented by office and retail spaces, making it a versatile and highly attractive investment within the heart of growing Penrith CBD.
Property Highlights:
• 6,355sqm* land parcel with favourable planning controls in the form of MU 1 Mixed Use and 7.8:1 FSR (SEARS Approved 30% bonus)
• Strategically located in the Penrith CBD
• Leverage existing MU1 zoning to unlock development upside
• Penrith Station located only 850 metres from subject site, providing frequent services to and from the Sydney CBD and is also a stop on the intercity Blue Mountains Line
• Potential to unlock the district view from the future development
• Capitalise on Penrith's transformation into a major economic hub - $7.9bn of local economic output with population forecast to reach 1 million by 2031
39-49 Henry Street, Penrith is being offered for sale via Expressions of Interest Campaign closing on Thursday 3 July 2025 at 3pm (AEST).
For more information please contact the exclusive agents.
*Approximate
Remember to mention you found this property on DevelopmentReady
