342 - 350 High St, Penrith, NSW 2750 | Commercial for sale | OnTheHouse
 
FOR SALE
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342 - 350 High Street
Penrith NSW 2750

Bedrooms: -
Bathrooms: -
Car spaces: 54
Land area: 1226m2
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New Commercial Development Redefining the Penrith CBD

Raine & Horne Commercial Penrith is delighted to present 342-350 High Street, Penrith to the market. This is a strata mixed use development that will redefine the Penrith CBD and is a fantastic opportunity for business owners seeking to purchase their own premises as well as investors. A consolidation of three lots, in the heart of the Penrith CBD, this property boasts a substantial commercial area of 3118 sqm. This is the first office/retail strata development available for purchase in the Penrith CBD for many years. Do not miss out on this chance to secure a valuable piece of real estate in Western Sydney's Penrith which is part of New South Wales' fastest growing region**.
• Floor plates of 55m²-900m² available over 5 storeys
• Mix of retail, office/consulting space and residential
• All retail shops and the cafe have been sold or leased
• All of level 1 remains totaling 846m² + 49m² balcony
• Three suites are available on level 2 with or without a balcony
• Levels 3 and 4 are completely sold
• Generous 54 secure basement parking spaces in the heart of the Penrith CBD
• The properties will be provided as a bare shell, allowing for purchasers to customise their fit out
• 3 penthouse style apartments (2 sold)
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Property Details for 342 - 350 High St, Penrith

Building Type
Commercial
Land Size
1226m2
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About Penrith 2750

The size of Penrith is approximately 12.5 square kilometres. There are 35 parks, covering nearly 13.5% of the total area. The population of Penrith in 2016 was 13295 people. By 2021 the population was 17966 showing a population growth of 35.1% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation.In 2021, 36.00% of the homes in Penrith were owner-occupied compared with 40.70% in 2016.

Penrith has 13,157 properties. Over the last 5 years, Houses in Penrith have seen a 31.65% increase in median value, while Units have seen a 30.86% increase. As at 31 August 2026:

  • The median value for Houses in Penrith is $1,062,065 while the median value for Units is $633,487.
  • Houses have a median rent of $630 while Units have a median rent of $580.
There are currently 114 properties listed for sale, and 111 properties listed for rent in Penrith on OnTheHouse. According to Cotality's data, 627 properties were sold in the past 12 months in Penrith.

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Michael Brislane
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Ravi Kalsi
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Raine & Horne Commercial Penrith
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