FOR SALE
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132 Penshurst Street
Willoughby NSW 2068

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 465m2
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COMMANDING CORNER-POSITIONING GROUND FLOOR RETAIL IN WILLOUGHBY

RWC Sydney North is proud to present Ground Floor Retail / 132 Penshurst Street, Willoughby available for Sale.
Ground Floor Retail / 132 Penshurst Street is an expansive retail premises situated within the thriving suburb of Willoughby. Encompassing a generous 465 sqm* of lettable area, consisting of an internal area of 325 sqm*, an undercover outdoor area of 140 sqm* and 4 car spaces in a prime-positioning Willoughby strip. This shop is to be sold with vacant possession, making it an attractive opportunity for owner-occupiers and investors alike.
Set up to trade as a restaurant, this shop provides expansive and demanding street frontage, a brand new commercial kitchen; including grease trap, exhaust and a cool room, a blend of indoor and outdoor undercover seating, large windows providing ample natural light and bathrooms for patrons.
Complementing the property further is the large corner positioning that the property maintains, fronting Penshurst Street and Laurel Street. Situated amongst leading national retailers such as Dan Murphy's, Australia Post and Anytime Fitness as well as a variety of local cafes, eateries and retailers, fostering an inviting community feeling throughout the streets.
We estimate the property to have a Gross Income of approximately $220,000 per annum + GST* on a fully leased basis.
Property Highlights:
• 325 sqm* Internal area + 140 sqm* Undercover Outdoor Seating Area + 4 Car Spaces
• Demanding corner positioning
• Brand-new commercial kitchen
• Grease trap, exhaust and cool room
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Property Details for 132 Penshurst St, Willoughby

Building Type
Commercial
Floor Size
465m2

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About Willoughby 2068

The size of Willoughby is approximately 1.6 square kilometres. It has 11 parks covering nearly 5.8% of total area. The population of Willoughby in 2011 was 5,920 people. By 2016 the population was 6,504 showing a population growth of 9.9% in the area during that time. The predominant age group in Willoughby is 40-49 years. Households in Willoughby are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Willoughby work in a professional occupation. In 2011, 70.4% of the homes in Willoughby were owner-occupied compared with 70.1% in 2016.

Willoughby has 3,625 properties. Over the last 5 years, Houses in Willoughby have seen a 48.24% increase in median value, while Units have seen a 11.92% increase. As at 31 October 2024:

  • The median value for Houses in Willoughby is $3,472,522 while the median value for Units is $1,029,423.
  • Houses have a median rent of $1,200 while Units have a median rent of $725.
There are currently 19 properties listed for sale, and 11 properties listed for rent in Willoughby on OnTheHouse. According to CoreLogic's data, 205 properties were sold in the past 12 months in Willoughby.

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Logan Grisaffe
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