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339 Penshurst St 5,371 SF Retail Condo Units in North Willoughby, NSW 2068
Investment Highlights
- Combined Penshurst Street frontage of ~15.69m
- FSR 2.8:1 and height limits of 14m & 20m
- Located in vibrant retail/dining precinct
- Rear servicing and parking for multiple vehicles
- Indicative redevelopment yield ~1,983 m² GFA
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 | 10,742 SF | Floors | 2 |
| Property Type | Retail | Typical Floor Size | 6,846 SF |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.12 AC |
| Building Class | C |
| Total Building Size | 10,742 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 6,846 SF |
| Lot Size | 0.12 AC |
2 Units Available
Unit 339
| Unit Size | 5,371 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail | No. Parking Spaces | 3 |
| Unit Size | 5,371 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 3 |
Description
339 Penshurst Street: Ground-floor restaurant (Express Thai Noodle Hut) with an upper-level 2–3 bedroom apartment accessed separately. Rear parking for three cars. Currently leased.
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.
Floor Plan
Shop 339 Interior
Shop 339 Interior
Unit 339A
| Unit Size | 5,371 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail | No. Parking Spaces | 3 |
| Unit Size | 5,371 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 3 |
Description
339A Penshurst Street: Ground-floor restaurant/bar with kitchen layout and upper-level 2–3 bedroom apartment. Rear parking for up to two cars. Vacant and ready for lease or repositioning.
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.
339A Floor Plan
339A Interior
Nearby Major Retailers
Presented by
339 Penshurst St
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