44 Penshurst Street,
Willoughby, NSW 2068

CI Australia is delighted to offer 44 Penshurst Street, Willoughby for sale by way of Expressions of Interest closing 4:00pm Wednesday 25th November 2020.

44 Penshurst Street comprises a vacant two level commercial freehold building with a flexible zoning allowing for a multitude of uses including office, medical, shop top housing, childcare, restaurant or café among others (STCA). The site is rectangular with a large site area of 556sqm.

The building under-utilises the land parcel and has an NLA of 320sqm (approx.). There is car parking on title for four cars with an abundance of additional parking close by.

This prominent freehold building has excellent redevelopment possibilities in addition to its inclusion in the Draft Willoughby Local Centres Strategy to 2036 which proposes a dramatic uplift in its town planning controls.

Key Features Include:
• Freehold building with huge potential
• 320sqm of NLA + 4 cars
• Large 556sqm site area
• Potential to build 834sqm of GFA under current control
• Set to benefit from an increase in height limit to 6 storeys
• Flexible zoning to suit a variety of uses
• 16m frontage to Penshurst Street
• Adjoins a council car park

44 Penshurst Street is suitable to investors, owner occupiers and developers.

For more information or to arrange an inspection please contact Nick Lowry from CI Australia on 0408 891 376.