42 Penshurst StreetPenshurst NSW 2222
Property Details for 42 Penshurst St, Penshurst
Last Listing description (October 2021)
CPG are pleased to present for sale via private treaty this freehold, mixed use property in amongst one of St George's most bustling shopping strips including well known destination businesses such as Penshurst Hotel, BWS Liquor, IGA, Jetts Fitness, Penshurst RSL and many more, and only 200m* from Penshurst Station.
Ideal for the astute investor looking to maximise an underdeveloped site and generate strong rental income, or to an owner occupier to make a purpose built retail premises and have secondary income from an additional level.
Key Features:
* 135m* building area
* Rear lane access and adjoining public carpark
* Current passing income from long standing tenant, The Cheesecake Shop - a business proven to be stable amidst lockdowns
* PRIME location only 200m* from Penshurst station
* Retail strip with many highly successful and long standing businesses such as Penshurst Hotel, BWS Liquor, IGA, Jetts Fitness,
Penshurst RSL and many more
* B2 - Local Centre zoning allowing for mixed use (commercial and residential)
* Floor space ratio of 2:1, potential total building area of 442m* (STCA)
* 15m* Building height limit
For further information or to arrange a private inspection, please contact exclusive sales agents Ryan McMahon 0429 228 460 or Greg Carr 0477 880 576.
*Approximate.
Property History for 42 Penshurst St, Penshurst, NSW 2222
- 25 Oct 2021Sold for $1,700,000
- 20 Aug 2021Listed for Sale Contact Agent
- 30 Jun 1998Sold for $315,000
Recent sales nearby
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About Penshurst 2222
The size of Penshurst is approximately 2.5 square kilometres. There are 13 parks, covering nearly 9.3% of the total area. The population of Penshurst in 2016 was 12786 people. By 2021 the population was 12592 showing a population decline of 1.5% in the area during that time. The predominant age group in Penshurst is 20-29 years. Households in Penshurst are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penshurst work in a professional occupation.In 2021, 60.60% of the homes in Penshurst were owner-occupied compared with 60.70% in 2016.
Penshurst has 5,941 properties. Over the last 5 years, Houses in Penshurst have seen a 7.24% increase in median value, while Units have seen a 18.67% increase. As at 31 July 2026:
- The median value for Houses in Penshurst is $1,749,175 while the median value for Units is $733,000.
- Houses have a median rent of $900 while Units have a median rent of $620.
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