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Investment Highlights

  • 100 percent occupied freehold arcade with retail and commercial uses
  • Future upside via strata conversion or redevelopment potential, subject to approval
  • Prominent CBD position with dual street frontage and strong pedestrian flow

Executive Summary

Macquarie Commercial has been exclusively appointed to offer for sale the NK Centre, a premium freehold arcade positioned within one of Western Sydney’s most tightly held commercial precincts. The property occupies a substantial site area of approximately 1,011 sqm and provides a total gross floor area of approximately 1,504 sqm across two levels with lift access. The asset is fully leased and comprises a diverse mix of retail and commercial uses, anchored by a high-exposure pedestrian arcade that benefits from consistent foot traffic. Dual street frontage enhances accessibility and prominence, while the configuration of the building presents potential for future strata conversion or redevelopment, subject to council approval. This offering represents a rare opportunity to secure a 100 percent occupied freehold investment in Penrith, located within a rapidly expanding Western Sydney growth corridor.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,189 SF
Building Class
C
Price
$3,928,064
Price Per SF
$242.64
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.49
Lot Size
0.25 AC

Amenities

  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 6
  • 312 SF
  • Office
  • -
  • 90 Days

Unit 6 at 450 High Street is a ground floor commercial suite offering approximately 29 square metres of lettable area within the NK Centre. The tenancy is fitted with a modern internal layout, making it suitable for immediate occupation with minimal additional works required. The space features a large glazed frontage to High Street, providing visibility and natural light, while dual access via both High Street and Union Lane supports operational flexibility. The suite is suitable for a range of retail or service-based uses (STCA), with a practical open-plan configuration that can accommodate customer-facing operations. Rear access to council parking adds convenience for both staff and visitors. The property is centrally positioned within Penrith’s main commercial strip, surrounded by established retail, service, and pedestrian activity, supporting consistent exposure throughout the day

Space Size Space Use Position Available
6 312 SF Office - 90 Days

6

Size
312 SF
Space Use
Office
Position
-
Available
90 Days

6

Size 312 SF
Space Use Office
Position -
Available 90 Days

Unit 6 at 450 High Street is a ground floor commercial suite offering approximately 29 square metres of lettable area within the NK Centre. The tenancy is fitted with a modern internal layout, making it suitable for immediate occupation with minimal additional works required. The space features a large glazed frontage to High Street, providing visibility and natural light, while dual access via both High Street and Union Lane supports operational flexibility. The suite is suitable for a range of retail or service-based uses (STCA), with a practical open-plan configuration that can accommodate customer-facing operations. Rear access to council parking adds convenience for both staff and visitors. The property is centrally positioned within Penrith’s main commercial strip, surrounded by established retail, service, and pedestrian activity, supporting consistent exposure throughout the day

Nearby Major Retailers

Starbucks
Anytime Fitness
World Gym
Outback Steakhouse
Five Guys
Crossfit
  • Listing ID: 39963985

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 448-450 High St, Penrith, NSW 2750

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