2182 Castlereagh RoadPenrith NSW 2750
Property Details for 2182 Castlereagh Rd, Penrith
Last Listing description (October 2009)
2182 CASTLEREAGH ROAD, PENRITH
LONG LEASE UNDERPINNED BY AUSTRALIAN ICON BUNNINGS
NEW BUILDING ON SUBSTANTIAL SITE
- NEW BUNNINGS STORE OF 13,458M? APPROX.
- SUBSTANTIAL ON-GRADE PARKING FOR 359 CARS
- SUBSTANTIAL DEPRECIATION AND BUILDING ALLOWANCES
HIGH PROFILE LOCATION
- PROMINENT CORNER LOCATION - CASTLREAGH AND MULLINS ROAD
- STRONG DEMOGRAPHICS SUPPORTED BY SURROUNDING RESIDENTIAL
- SURPLUS LAND OF 2,142M? (POTENTIAL TO VALUE ADD!)
LONG LEASE TO BUNNINGS
- 12 YEAR LEASE EXPIRING ON 19 JUNE 2019 + OPTIONS
- INCOME $1,697,440 PA NET (AS AT JUNE 2009)
- FIXED INCREASES OF 3% PA
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 9 APRIL 2009 AT 4PM.
Property History for 2182 Castlereagh Rd, Penrith, NSW 2750
- 04 Jun 2020Sold for $34,474,820
- 09 Jul 2009Sold for $21,800,000
- 20 Mar 2009Listed for Sale Not Disclosed
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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 13,002 properties. Over the last 5 years, Houses in Penrith have seen a 48.58% increase in median value, while Units have seen a 32.73% increase. As at 30 April 2026:
- The median value for Houses in Penrith is $1,142,672 while the median value for Units is $643,330.
- Houses have a median rent of $620 while Units have a median rent of $575.
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