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489 High St 1,399 - 3,337 SF of Retail Space Available in Penrith, NSW 2750
Highlights
- Prime position on Penrith’s busiest retail strip with exceptional exposure.
- Adjacent to City Park and Allen Place car park for ample customer parking.
- Zoned MU1 Mixed Use, allowing flexibility for various business types.
- Surrounded by national retailers, local businesses, and hospitality operators.
- Walking distance to Penrith Railway Station and Westfield Penrith.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,938 SF | Negotiable | $24.80 /SF/YR $2.07 /SF/MO $48,051 /YR $4,004 /MO | TBD | ||
| 1st Floor | 1,399 SF | Negotiable | $24.80 /SF/YR $2.07 /SF/MO $34,703 /YR $2,892 /MO | TBD |
Ground
The property offers a versatile ground-floor retail space of approximately 180 m², complemented by a 130 m² mezzanine level, creating a combined total of up to 310 m². Zoned MU1 Mixed Use, the property provides flexibility for a wide range of business types, including retail, showroom, or service-based operations. The tenancy features a prominent shopfront with excellent signage opportunities, ensuring maximum visibility along High Street. With the ability to subdivide the space to suit specific size requirements, this property caters to both large-format retailers and boutique operators seeking a high-profile position in Penrith’s CBD.
- Can be combined with additional space(s) for up to 3,337 SF of adjacent space
- Up to 310 m² total area
- Flexible layout with potential to subdivide t
- Wide glazed shopfront offering excellent signage
- High ceilings and natural light
1st Floor
The property offers a versatile ground-floor retail space of approximately 180 m², complemented by a 130 m² mezzanine level, creating a combined total of up to 310 m². Zoned MU1 Mixed Use, the property provides flexibility for a wide range of business types, including retail, showroom, or service-based operations. The tenancy features a prominent shopfront with excellent signage opportunities, ensuring maximum visibility along High Street. With the ability to subdivide the space to suit specific size requirements, this property caters to both large-format retailers and boutique operators seeking a high-profile position in Penrith’s CBD.
- Can be combined with additional space(s) for up to 3,337 SF of adjacent space
- Up to 310 m² total area
- Flexible layout with potential to subdivide t
- Wide glazed shopfront offering excellent signage
- High ceilings and natural light
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,337 SF | Gross Leasable Area | 3,444 SF |
| Property Type | Retail |
| Total Space Available | 3,337 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,444 SF |
About the Property
489 High Street is a prime retail property located in the heart of Penrith’s bustling commercial precinct, one of Western Sydney’s fastest-growing hubs. Positioned on Penrith’s busiest retail strip, the property enjoys exceptional exposure to both pedestrian and vehicular traffic. Its strategic location offers immediate proximity to Penrith Railway Station, Westfield Penrith, and essential services, ensuring strong customer flow and convenience. The property is adjacent to the new City Park and Allen Place car park, providing ample parking options for customers. Surrounded by a mix of national retailers, local businesses, and hospitality operators, this location offers a vibrant trading environment with excellent connectivity to public transport and major arterial roads.
- Mezzanine
- Signage
Nearby Major Retailers
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489 High St
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