Located in the heart of the Penrith CBD, this property boasts a substantial area of 3,707 square metres over 2 levels situated on a commanding site of 2,086 square metres.
PropertyFox is delighted to present 87-93 Henry Street, Penrith to the market. This is a rare opportunity to secure a prominent corner 2 Level Landmark Retail Building that has for many years housed many Health and Recreational businesses from Gym’s including Core9Fitness and Inside Fitness Health Club to Balancing Elephant Yoga and Sydney West Martial Arts.
There is a significant opportunity for a savvy investor to reposition the asset and substantially increase the current income. The site is underdeveloped with a 4:1 possible Floor Space Ratio and a 24 metre height limit a redevelopment in the future could yield over double the existing floor space!
Do not miss out on this chance to secure a valuable piece of real estate in the Booming Penrith area which is part of New South Wales' fastest growing regions.
• 2 Level Building of 3,707 sqm* GLA
• Site Area 2,086 sqm*
• 4:1 Base FSR with a 24 metre heigh limit, possible redevelopment of 8,345 square metres
• 5 current tenants
• Located in the heart of the Penrith CBD
• Only 13 kilometres to Western Sydney Airport (planned to open in 2026)
*Approx.
Expressions of Interest Close Date 31 October 2024
Offer link: https://www.cognitoforms.com/PropertyFox1/PurchasingOfferForm
For further information and to arrange an inspection please do not hesitate to contact Frank Mou on 0450 764 788 or Michael Wydeman on 0411 221 405.
Remember to mention you found this property on DevelopmentReady
Close
