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335-337 Penshurst St 3,498 SF Retail Condo Unit in North Willoughby, NSW 2068
Investment Highlights
- Retail frontage with strong exposure
- Flexible leasing and occupancy options
- Rear lane access and secure parking
- Located in vibrant retail/dining precinct
Executive Summary
The properties at 337, 339, and 339A Penshurst Street form a contiguous row of three freehold buildings within North Willoughby’s established retail and dining strip. Each property is of solid construction and configured for mixed-use, featuring ground-floor retail or hospitality space with upper-level residential or office accommodation. All properties benefit from rear lane access and on-site parking, enhancing operational flexibility for tenants and future redevelopment. The combined site offers approximately 15.69 meters of street frontage and is zoned E1 Local Centre under Willoughby LEP 2012, with an FSR of 2.8:1 and height limits of 14m and 20m. These planning controls provide significant redevelopment potential for mixed-use projects (STCA). The location is well-served by public transport and positioned within a vibrant local center, ensuring strong long-term demand.
Property Facts
| Total Building Size | 7,029 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 3,514 SF |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.10 AC |
| Building Class | C |
| Total Building Size | 7,029 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 3,514 SF |
| Lot Size | 0.10 AC |
1 Unit Available
Unit 337
| Unit Size | 3,498 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail | No. Parking Spaces | 2 |
| Unit Size | 3,498 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 2 |
Description
337 Penshurst Street: Vacant retail space with upper-level showroom/office and kitchen. Includes rear garage and two car spaces. Potential for dual leasing or partial residential conversion (STCA).
Sale Notes
This is a rare opportunity to acquire three adjoining freehold properties in one of Sydney’s most tightly held suburban retail precincts. Positioned along Penshurst Street, the portfolio offers exceptional visibility, strong passing trade, and immediate income from existing tenancies, with vacant spaces ready for occupation or repositioning.
Zoned E1 Local Centre with generous planning controls, the site presents compelling redevelopment potential for mixed-use projects, leveraging a combined frontage of nearly 16 meters and rear lane access. Whether purchased individually or in one line, these properties provide flexibility for investors, owner-occupiers, and developers seeking scale and long-term growth in a high-demand location.
Shop 337 Interior
Floor Plan
Nearby Major Retailers
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335-337 Penshurst St
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