Property Details for 74 Henry St, Penrith
Last Listing description (May 2023)
Freestanding Landmark Building
PRD Commercial Western Sydney have been appointed exclusive marketing agents to offer for sale by Auction, 74 Henry Street, Penrith.
A landmark building in a key position amongst Penrith's CBD and legal precinct. The asset is underpinned by a long term lease to a proven operator.
This freestanding and imposing Gothic Revival style building holds a special place in Penrith's history. Built on land donated to the Methodist Church by John Tindale in 1840 the building was completed in 1861 operating as a Methodist Church until the 1990's.
External walls are face brick and relieved by rendered quoins to the windows and door reveals. In 1886 the pair of front porches were added by Reverend Parsons. The building has retained it's external appearance right up to today.
Extensive structual renovations were completed prior to the current tenant taking occupation in 2021. A full scope of works is available on request.
Gross rent is $119,372.29 plus GST. The 3 year lease commenced 24/6/2021 & has a 5 x 5 option with increases CPI annually.
Positioned next to one of the regions busiest Court precincts, there is a large number of large scale mixed use developments planned and approved for the surrounding area. This distinct and impressive building will always provide appeal for a wide range of potential uses.
EXECUTIVE SUMMARY
Legal Address: Lot 22 Deposited Plan 586469 (Folio 22/DP586469)
Total Site Area: 486sqm (approx) with a 15.35m frontage to Henry Street.
Gross Rent: $119,372.29 (excl GST)
Outgoings: Approx $20,021.58 (excl GST)
Lease Commencement: 24/6/2022
Lease Term: 3 years + 5 + 5 option
Zoning: B3 Commercial Core
Council: Penrith City Council
AUCTION DETAILS
Date: Wednesday 10th August 2022
Time: from 11am
Venue: To be Auctioned at PRD Penrith Real Estate Office Level 1/27 Lawson Street, Penrith
CONTACT DETAILS
Darren Latty on 0414 620 532 darren@prd.net.au
Disclaimer: We have been furnished with the above information however, PRD Penrith gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate
Property History for 74 Henry St, Penrith, NSW 2750
- 13 Jul 2022Listed for Sale Contact Agent
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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 13,036 properties. Over the last 5 years, Houses in Penrith have seen a 39.58% increase in median value, while Units have seen a 35.64% increase. As at 30 June 2026:
- The median value for Houses in Penrith is $1,111,412 while the median value for Units is $650,887.
- Houses have a median rent of $625 while Units have a median rent of $575.
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