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Suites 4 & 5/47a Penrose Street
Lane Cove West NSW 2066

Bedrooms: -
Bathrooms: -
Car spaces: 4
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PRICE REDUCED - VERY AFFORDABLE OFFICE SUITES

A stones-throw away from "The Figtree Plaza" in Lane Cove West, an exciting opportunity exists for office suites, elevated about Penrose Street and offering an abundance of natural light.
With the suites spanning 79 sqm* & 116 sqm*, each are complimented with 2 car spaces to each suite, air conditioning, shared bathroom & kitchen facilities and an abundance of Natural Light.
Positioned near the intersection of Penrose Street and Burns Bay Road, the suites offer fantastic exposure for your business. With ease of access due the location, central Lane Cove is 5 minutes* away and the premises is easily connected to the Sydney CBD, Chatswood and North Ryde Area.
The property would suit a variety of uses (STCA).
Property Highlights:
• Suite 4 - 116 sqm*
• Suite 5 - 79 sqm*
• 2 Car spaces available for each suite
• 2 year lease available
• Air-conditioning
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Property Details for Suites 4 & 5/47a Penrose St, Lane Cove West

Building Type
Commercial

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About Lane Cove West 2066

The size of Lane Cove West is approximately 1.7 square kilometres. It has 13 parks covering nearly 20.4% of total area. The population of Lane Cove West in 2011 was 2,250 people. By 2016 the population was 2,627 showing a population growth of 16.8% in the area during that time. The predominant age group in Lane Cove West is 30-39 years. Households in Lane Cove West are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lane Cove West work in a professional occupation. In 2011, 76.3% of the homes in Lane Cove West were owner-occupied compared with 66.3% in 2016.

Lane Cove West has 1,893 properties. Over the last 5 years, Houses in Lane Cove West have seen a 46.93% increase in median value, while Units have seen a 24.15% increase. As at 31 October 2024:

  • The median value for Houses in Lane Cove West is $2,884,548 while the median value for Units is $957,494.
  • Houses have a median rent of $1,200 while Units have a median rent of $650.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Lane cove west on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in Lane cove west.

Suburb Insights for Lane Cove West 2066

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Logan Grisaffe
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Max Stephens
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RWC Sydney North
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.