Irreplaceable Landmark Freehold Asset with Significant Upside
Colliers are pleased to offer 9a Bridge Street, Penshurst for sale via an Expression of Interest campaign. The property is being offered to the market in the first time in over 48 years*, this tightly held asset presents a rare opportunity to secure one of the most prominent retail/commercial freehold buildings in the local precinct.
Strategically positioned on a highly exposed corner in the heart of Penshurst, the property offers a substantial freehold holding with vacant possession, immediate income potential, and strong long-term upside. The asset will appeal to owner-occupiers, investors, and developers seeking to occupy, refurbish, reposition, or redevelop within the tightly held St George region.
Key highlights of 9a Bridge Street include:
- Substantial site area of 1,254m²*
- 1,075m²* total building area across two levels, with approximately 66% located on the ground floor
- Former home of a national supermarket operator (IGA) for over 44 years*
- Highly prominent corner position with strong street exposure
- Occupy, Invest or Develop – offered with vacant possession
- 10* on-site car parking spaces with convenient driveway access
- Flexible E1 Local Centre zoning, 2.5 : 1 FSR & 19m height limit
- Development potential for 3,135m²*^ of Gross Floor Area (S.T.C.A.)
- Genuine value add potential including but not limited to owner occupation, investment, building repositioning or mixed use development (S.T.C.A)
- Exceptional connectivity, with Penshurst Train Station directly opposite
*Approximately
^Subject to Council Approval
Previously occupied by a national supermarket tenant, the building demonstrates strong market acceptance and functional fundamentals. The existing improvements allow for immediate utilisation, while the zoning and scale provide flexibility for future redevelopment or enhancement—an increasingly rare opportunity in this tightly held location.
9a Bridge Street, Penshurst is offered for sale via an Expressions of Interest campaign, closing at 3:00pm (AEST) Wednesday 27th May 2026.
For more information, please contact the exclusive selling agents:
Edward McFarland - 0401 868 376
Mitchell Watts - 0428 498 644
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