Hillscom Property is proud to present an exceptional opportunity to purchase a retail leased investment in the heart of Penrith's booming suburb of St Marys. The property has 2 well established businesses currently leasing this 1070 sqm (approx.) corner site with massive exposure.
Along with the additional bonus of a private driveway for access (attached to the title) and dual street frontages from both Queen Street and West Lane the development opportunities are endless (STCA).
As a freehold premise, this site is a rare opportunity for a small to medium development or renovation under the current B4 Mixed Use zoning (STCA). Therefore, providing exceptional upside and presence in the thriving St Marys retail precinct.
The property is ideally positioned to provide access to some of Sydney's biggest arterial road networks and transport hubs, such as the Great Western Highway, M7 and M4 motorways. St Mary's is also perfectly positioned approximately 20 mins from the new Western Sydney Airport (currently under construction) due to open in 2026, anticipated to accommodate 10 million passengers per year.
With the local train station and major bus routes located just a 5-minute walk from the property, access to the vibrant St Mary's town centre and this prime site are effortless.
Current gross annual income of $148,000
For further information about this exciting opportunity please contact our friendly agents.
