Penrith, NSW 2750

Retail

Sold $3,750,000

  • Property ID: 377393
  • Floor Area: 1228m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 28/03/2023 1228m2 N/A N/A
1,228sqm (approx) Tenanted Investment with Exposure

- Two road exposure with High Street address
- Rarely offered
- One of five shops in a small complex
- B4 Mixed Use
- Currently leased to Fernwood Fitness Centre
- 1,228sqm (approx.) building including 321 sqm (approx.) of mezzanine
- Ample onsite parking

Tenancy Schedule:
Tenant: Fernwood Investments Pty Ltd
Lease Start: August 2020
Lease Term: 10 years
Lease Option: 3 years + 5 years
Net Income: $149,000 Per Annum
Rent Review: Fixed at 3.5%
Current yield, just under 4%

Inspection strictly by appointment

Penrith Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $5008 $226 4.52%
Retail --- $336 ---
Offices --- $366 ---
This is the average advertised price, rent and yield for Penrith, NSW 2750*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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