1 City View RoadPennant Hills NSW 2120
Property Details for 1 City View Rd, Pennant Hills
Last Listing description (March 2024)
Colliers, CBRE & RWC are pleased to offer for sale 1 City View Road - a substantial freehold asset located moments from Pennant Hills Station, shopping amenity and neighbouring affluent Upper North Shore Suburbs.
Benefiting from an abundance of natural night and exceptional 360 degree city and district views, One City View is ideal for owner occupiers or developers looking to occupy the property, strata subdivide or repurpose the substantial existing improvements.
The existing improvements and versatile zoning would lend itself to multiple value-add strategies including the conversion to shop-top-housing (including co-living and student accommodation), commercial strata subdivision, medical, education, hotel and motel accommodation uses, etc (subject to council approval).
Key investment highlights include:
Existing NLA 8,484sqm*
268 car spaces
Substantial land holding - 5,024sqm*
Significant natural light and impressive city and district views
Moments from station, local shopping amenities and cafes
Flexible E3 Zoning allowing for Hotel, Education, Medical, Shop Top Housing etc^
1 Star NABERS Rating & Water Rating
The property will be offered for sale via Expressions of Interest, closing Wednesday 20 September 2023 at 3pm.
For more information, please contact the co-exclusive selling agents.
*Approx.
Property History for 1 City View Rd, Pennant Hills, NSW 2120
- 21 May 2024Sold for $38,000,000
- 18 Aug 2023Listed for Sale Expressions of Interest
- 26 Jun 2020Listed for Rent - Price not available
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About Pennant Hills 2120
The size of Pennant Hills is approximately 6.2 square kilometres. It has 18 parks covering nearly 57.5% of total area. The population of Pennant Hills in 2011 was 7,030 people. By 2016 the population was 7,300 showing a population growth of 3.8% in the area during that time. The predominant age group in Pennant Hills is 50-59 years. Households in Pennant Hills are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Pennant Hills work in a professional occupation. In 2011, 78.5% of the homes in Pennant Hills were owner-occupied compared with 76.5% in 2016.
Pennant Hills has 3,415 properties. Over the last 5 years, Houses in Pennant Hills have seen a 71.56% increase in median value, while Units have seen a -2.84% decrease. As at 31 October 2024:
- The median value for Houses in Pennant Hills is $2,296,969 while the median value for Units is $784,291.
- Houses have a median rent of $835 while Units have a median rent of $620.
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