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437 High Street Penrith 

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Fully Leased Investment | High Yield Asset | CBD Penrith

PRD Commercial Western Sydney proudly presents to market a highly exposed and in demand commercial investment, strategically positioned within the very heart of the Penrith CBD.


This commanding two-level building, gracing the vibrant High Street retail strip with dual access to Allen Place, offers discerning investors the rare and compelling opportunity to acquire a fully leased, income-generating asset amidst one of Western Sydney's most dynamic and rapidly expanding growth corridors.

Penrith represents one of the most tightly held metropolitan markets in Greater Sydney, underpinned by unparalleled levels of government and private sector investment.
With the Western Sydney International Airport on track for its landmark opening in 2026, the Penrith CBD is now unequivocally on the radar of sophisticated institutional and high-net-worth private investors, recognizing its fortuitous timing and enduring value.

Key Features:
• Fully leased to two secure tenants
• 365sqm site with approx. 660sqm lettable area (330sqm per level)
• Dual access via High Street & Allen Place car park
• Prominent double frontage + high exposure location
• Adjacent to newly refurbished Memorial Park
• Zoned MU1Mixed Use with versatile usage potential.
• Height Limit 20m
• FSR 3:1
• Ducted air conditioning throughout

Investment Profile:
Dual Income Streams - Fully Leased
• Primary Tenancy: $146,545 p.a. + GST (restaurant & bar - premium fit-out, lease to 2029)
• Secondary Tenancy: $59,559 p.a. + GST (specialist retail, new 5 + 5-year lease.)
• Gross Annual Income: $206,104 p.a. + GST

Net Position Analysis
• Gross Annual Income: $206,104 p.a. + GST
• Landlord Outgoings: $24,996 p.a. (insurance $17,736 | council $6,510 | water $750)
• Land Value Assessment: $1,340,000 (2025) | 3-year average $1,273,333
• Net Operating Income: $181,108 p.a. + GST (excluding land tax)

Investment Highlights:
• Rare High Street holding in tightly held Penrith CBD
• Set to benefit from $20B+ Western Sydney infrastructure pipeline
• Strong projected population growth (60%+ by 2041)
• Minutes to Western Sydney International Airport (opening 2026)
• Ideal for passive investors seeking secure yield & long-term capital growth

 

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.

Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST. Images and plans are indicative

 

 

For Sale 

$3,500,000 excl GST 

Type 

Freehold Commercial 

Land Size 

373m2

Building Size 

660sqm

Zoning 

MUI Mixed Use 

FSR 

3:1

Height Limit 

20m 

Gallery

Floor plan

Location

Filing Cabinet

View Attached Documents

Our Team

Meet Our Team Of Experts

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Darren Latty

Managing Director

 Darren is widely regarded as the industry specialist for development property, working closely with developers from site acquisition right through to the handover of a new building. Most of the recent building activity in & around Penrith City has been created through Darren’s efforts.