354-356 Pennant Hills Road,
Pennant Hills, NSW 2120
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CBRE - Western Sydney
Level 4 10-14 Smith StreetPARRAMATTA, NSW 2150
354-356 Pennant Hills Road
Pennant Hills, NSW 2120
Map of 354-356 Pennant Hills Road
Retail Arcade with Potential Development Upside
- Gross Annual Income of > $160,000
- 75%+ Holding in Stratum Retail Arcade
- 200m* to Pennant Hills Train Station
CBRE, as the exclusive sales agent is pleased to present to the market, Lots 1-7, 9-10 & 12-15, 354-356 Pennant Hills Road, Pennant Hills. Presented as an iconic retail arcade nestled along the highly coveted Pennant Hills Road, this exceptional investment opportunity provides 13 tenanted retail & office suites offering investors steady cashflow from day one, with rental reversion and value add opportunity.
354-356 Pennant Hills Road, Pennant Hills benefits from the following key attributes:
• Iconic retail property located along highly sought-after Pennant Hills Road
• 13 retail & office suites currently over 90% leased, providing a steady cash flow
• Generous 574sqm* strata-titled land with frontage along Pennant Hills Road and rear lane access
• Potential for rental reversion and unlocking untapped potential due to prime location and high foot traffic
• Possibilities for repositioning the asset, enhancing the structure, or exploring further development options (STCA)
• Pennant Hills offers a charming suburban and tranquil atmosphere with lush greenery and picturesque surroundings
• Excellent connectivity with easy access to the city centre and neighbouring suburbs through the Pennant Hills train station
• Variety of amenities within the suburb, including boutique stores, supermarkets, and specialty shops
• Majority stratum holding of 75.3% in Pennant Hills Arcade
• Potential for future development with imminent changes to increase FSR and height limit
Lots 1-7, 9-10 & 12-15, 354-356 Pennant Hills Road, Pennant Hills will be offered for sale via Public Auction at AuctionWORKS on Tuesday the 9th of April, 2024 from 10:30am (AEDT)
For more information on the sale or for access to the due diligence room, please contact the exclusive sale agents
Approx*
354-356 Pennant Hills Road, Pennant Hills benefits from the following key attributes:
• Iconic retail property located along highly sought-after Pennant Hills Road
• 13 retail & office suites currently over 90% leased, providing a steady cash flow
• Generous 574sqm* strata-titled land with frontage along Pennant Hills Road and rear lane access
• Potential for rental reversion and unlocking untapped potential due to prime location and high foot traffic
• Possibilities for repositioning the asset, enhancing the structure, or exploring further development options (STCA)
• Pennant Hills offers a charming suburban and tranquil atmosphere with lush greenery and picturesque surroundings
• Excellent connectivity with easy access to the city centre and neighbouring suburbs through the Pennant Hills train station
• Variety of amenities within the suburb, including boutique stores, supermarkets, and specialty shops
• Majority stratum holding of 75.3% in Pennant Hills Arcade
• Potential for future development with imminent changes to increase FSR and height limit
Lots 1-7, 9-10 & 12-15, 354-356 Pennant Hills Road, Pennant Hills will be offered for sale via Public Auction at AuctionWORKS on Tuesday the 9th of April, 2024 from 10:30am (AEDT)
For more information on the sale or for access to the due diligence room, please contact the exclusive sale agents
Approx*
Property ID: 504529000Last Updated: 23 Apr 2024
CBRE - Western SydneyLevel 4 10-14 Smith Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
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