Outstanding Freehold Opportunity!
83 Penshurst Street, Willoughby NSW 2068
Auction 23/04/24
RetailSize: n/a
Block size: 272 m² approx.
Shead Property are delighted to offer for sale by way of public auction this exceptional property at 83 Penshurst Street, Willoughby.
This property is a prize asset within the Willoughby blue ribbon location with neighbours such as Dan Murphy's Liquor. With rear lane access and excellent frontage, the property was previously leased to a café business which has now ceased operation making this an excellent opportunity for any owner occupier to relocate their business and be in total control of their future.
The property is part of the new Local Centre E 1 zoning under Willoughby LEP 2012 which allows for a maximum height of 11m / 17m with a FSR of 2.8:1. Council's objectives with this new zoning is to enable residential development that contributes to a vibrant and active local centre and is consistent with the Council's strategic planning for residential development in the area.
The zoning supports numerous uses such as retail shops, medical / consulting practices, commercial premises, professional services, entertainment facilities and information / education facilities.
Key features;
Land Area: 271.9 sqm
Freehold Title
Rear Access
Wide Frontage
Offered with Vacant Possession
Excellent Exposure
Development Upside
For sale by Public Auction
10:30am, Tuesday 23rd April 2024
Auction Works, Mezzanine Level,
50 Margaret Street, Sydney
For further information please contact:
Bill Geroulis
0413 100 200 | bill@shead.com.au
Rick Sombroek
0412 280 181 | rick@shead.com.au
Ivor Zhou
0430 248 867 | i.zhou@shead.com.au
Disclaimer: All data is provided for information purposes only and while all care is taken in its presentation, Shead Property does not guarantee or warrant the accuracy, completeness or currency of the information
This property is a prize asset within the Willoughby blue ribbon location with neighbours such as Dan Murphy's Liquor. With rear lane access and excellent frontage, the property was previously leased to a café business which has now ceased operation making this an excellent opportunity for any owner occupier to relocate their business and be in total control of their future.
The property is part of the new Local Centre E 1 zoning under Willoughby LEP 2012 which allows for a maximum height of 11m / 17m with a FSR of 2.8:1. Council's objectives with this new zoning is to enable residential development that contributes to a vibrant and active local centre and is consistent with the Council's strategic planning for residential development in the area.
The zoning supports numerous uses such as retail shops, medical / consulting practices, commercial premises, professional services, entertainment facilities and information / education facilities.
Key features;
Land Area: 271.9 sqm
Freehold Title
Rear Access
Wide Frontage
Offered with Vacant Possession
Excellent Exposure
Development Upside
For sale by Public Auction
10:30am, Tuesday 23rd April 2024
Auction Works, Mezzanine Level,
50 Margaret Street, Sydney
For further information please contact:
Bill Geroulis
0413 100 200 | bill@shead.com.au
Rick Sombroek
0412 280 181 | rick@shead.com.au
Ivor Zhou
0430 248 867 | i.zhou@shead.com.au
Disclaimer: All data is provided for information purposes only and while all care is taken in its presentation, Shead Property does not guarantee or warrant the accuracy, completeness or currency of the information
Inspections
No open inspections scheduled.
Send an enquiry
Contact Bill Geroulis to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
2
Property type:
Retail
Block Size:
272 m²*
Other Details
Lot:
11
Plan Type:
DP
Plan:
165108
Legal description:
11/165108
Maps and area information
Block information
Block size: 272m² (approx)
Legal description: 11/165108
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Property history
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Willoughby suburb information
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SummaryMedian sales
Average Age
42 years
Population
7,124
Listing ID: 182401667. This listing has been viewed 1 time. It was first displayed on 26/03/2024 and last updated on 19/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.