90A Tench Avenue, Penrith, NSW 2750

A rare 2.02ha* riverfront landholding on Penrith's prized East Bank. Surrounded by the Nepean River dining strip, Penrith Panthers' multi-billion-dollar precinct and a slate of new entertainment anchors, this site is positioned to capture Western Sydney's next tourism boom and the uplift from the Western Sydney International (WSI) Airport opening in 2026.

Investment highlights

• 20,200sqm (5 acres) with water and power on site; Lot 212 / DP1018934. Existing 3-bed dwelling with holding income.

• Zoned SP3 Tourist, enabling a broad range of tourism, entertainment and accommodation outcomes including hotel/motel/serviced apartments, food & drink premises, function centre, recreation facilities (indoor/outdoor/major), health services, education, registered club, markets and more (STCA).

• Strategic river precinct position - footsteps to East Bank eateries and minutes to Penrith CBD, M4 and Mulgoa Rd; ~20 mins approx. to WSI Airport

Surging demand drivers at the door

• Winter Sports World (WSW), Penrith's $700m indoor snow resort - State Significant Development approved 11 Jan 2024; construction on track to commence in 2026 with opening targeted for 2028. Urbis report estimates 1.38m visitors p.a. at maturity, amplifying hotel and F&B demand across the Riverlink Tourism Precinct.

• New indoor entertainment hub - a go-karting, bowling and mini-golf complex has been announced for Penrith, expanding the family and night-time offer in the immediate catchment.

• Penrith's 24-hour economy strategy (2025–2029) - Council's plan to grow the night-time economy in Penrith and St Marys, supporting more hospitality, events and late-trade venues. Expect stronger evening and weekend visitation profiles that benefit hotels and activated riverfront assets.

• Western Sydney International (Nancy-Bird Walton) Airport - opening late 2026, curfew-free, Stage 1 sized for ~10 million passengers p.a., with aviation testing milestones already achieved. Anticipated to materially lift visitor nights and corporate transient demand across Western Sydney.

Accommodation market context (supporting a hotel-led scheme)

• NSW reported record accommodation conditions into late 2024, with occupancy highs of 81% state-wide; 87% in Sydney; 70% in regional NSW. Through 1H-2025, national occupancy averaged ~72% (STR), with Western Sydney event spikes reaching ~95% for major fixtures. Together with WSI's opening and Council's 24-hour strategy, this underpins a compelling hotel/serviced-apartment thesis at East Bank.

• Destination NSW confirms strong momentum in Western Sydney, with 2.2m domestic overnight visitors (YE Dec-2024) and sustained growth through 2025.

Zoning at a glance - SP3 Tourist (extract of permissible directions)

Tourist & visitor accommodation, food & drink premises, function centres, entertainment facilities, registered clubs, recreation facilities (indoor/outdoor/major), health services facilities, education establishments, information & education facilities, passenger transport facilities, places of public worship, markets, kiosks, water recreation structures, neighbourhood shops, among others (STCA). Full schedule available.

Existing holding income

• Modern 3-bed house (2016) on monthly tenancy, currently returning

$500/wk,

Comparable SP3 tourist transactions

Recent SP3-zoned trades in Penrith and NSW coastal/regional markets available on request; examples include Log Cabin (Memorial Ave) 1.5853ha $16.5m (2020); 92 Tench Ave 5,528sqm $3.4m (May-2024) (18 month settlement)

The opportunity

Secure a large-scale SP3 Tourist platform in the heart of Penrith's Riverlink Tourism Precinct - a future-proofed position benefiting from WSW, Council's 24-hour economy agenda, and the WSI Airport step-change. Ideal for developers, hotel operators, family offices and institutional capital seeking an experiential, mixed-use tourism asset (STCA) with multiple exit pathways.

DISCLAIMER

The information contained in this advertisement has been prepared by PRD Penrith Project Marketing Division based on available documentation.

While every effort has been made to ensure accuracy, PRD Penrith Project Marketing Division, its directors, employees and related entities:

• Make no representation or warranty as to the accuracy, reliability or completeness of the information provided

• Accept no liability for any loss, damage or expense arising from reliance on this information

• Recommend all prospective purchasers conduct their own independent due diligence, investigations and enquiries

• Advise that all development approvals, construction certificates, planning permits and council requirements should be independently verified with relevant authorities

All interested parties must satisfy themselves as to the accuracy of all information before making any commitment to purchase. This advertisement does not constitute legal, financial or development advice.

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