Three Adjoining Properties | 1,902sqm Combined Landholding
An exceptional opportunity to secure one of Penrith CBD's most significant raw development sites, comprising three adjoining properties with a combined land area of approximately 1,902sqm. Positioned on a prominent corner site within the rapidly evolving Penrith City Centre, this rare offering provides outstanding flexibility to purchase the properties in one line or individually.
Two of the three properties are currently tenanted, providing immediate holding income while future development plans are finalised.
As Penrith continues its transformation into Western Sydney's next major metropolitan centre-with significant investment in transport, health, education, and high-density residential living-opportunities of this scale are becoming increasingly scarce. The R4 High Density Residential zoning supports intensified residential development, subject to council approval.
Property Highlights
+ Three adjoining properties offered in one line or individually
+ Combined landholding of approximately 1,902sqm
+ R4 High Density Residential zoning
+ Two properties currently leased, providing holding income
+ Premium corner position within Penrith CBD
+ Level, regular-shaped development site
+ One of the few remaining large-scale redevelopment opportunities within the CBD
+ Moments from Penrith Station, Westfield Penrith, Nepean Hospital, Western Sydney University, and major arterial roads
+ Positioned within one of Sydney's fastest-growing metropolitan centres, supported by substantial government and private investment
+ The properties currently consist of the following:
72 Lethbridge Street
+ Original-condition three-bedroom fibro home
+ Approx. 15.5m frontage × 36.5m depth = 556sqm
74 Lethbridge Street
+ Damaged home – land value only
+ Approx. 15.5m frontage × 36.5m depth = 556sqm
35 Doonmore Street
+ Neat and tidy two-bedroom fibro home with a lock-up garage
+ Approx. 16.45m frontage × 46.4m depth = 790sqm
+ Total Site Area: Approximately 1,902sqm
+ Don't miss this rare opportunity. Contact us today for further information.
