SOLD
Sold on 13 Jun 2024 for $14,500,000

11 Caloola Avenue
Penrith NSW 2750

Bedrooms: -
Bathrooms: -
Car spaces: 65
Floor area: 2144m2
Land area: 5103m2
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Property Details for 11 Caloola Ave, Penrith

Building Type
Commercial
Floor Size
2144m2
Land Size
5103m2
Local Government
Penrith
Lot/Plan
1/DP530855

Last Listing description (January 2012)

High Yielding Sydney Metro Shopping Centre
Savills are proud to have the exclusive opportunity to offer for sale Marketland Shopping Centre in the western suburbs of Sydney.
Marketland Shopping Centre offers the chance to acquire an affordable neighbourhood centre with real value add potential in a metropolitan location. The centre features anchor tenants Franklins and Celebrations Liquor together with eight specialty shops including a pharmacy, butcher, baker and newsagency.

The Centre is laid out in a typical and functional ???L??? shape with parking on grade for some 65 cars. Celebrations Liquor occupies a separate lot adjacent to the Centre featuring excellent exposure to Caloola Avenue.
Originally constructed in 1969 the centre currently provides the opportunity for an incoming purchaser to undertake a refurbishment to reposition the centre and maximise income. The Centre in its current layout provides an excellent base for future expansion or reconfiguration.
Penrith City Council has earmarked the neighbouring Council owned car park for sale. The new Local Environmental Plan 2010 is currently under public exhibition, and any sale of the Council owned land is subject to the gazetting of the LEP. Purchasers should make there own enquires with Council.
Net passing Income is approximately $494,000 p.a.
For sale by Expression of Interest closing 2.00pm Wednesday 19 October 2011.
For further information please contact either Ben Stewart 0414 552 850 or Simon Muirhead 0417 458 575.

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Property History for 11 Caloola Ave, Penrith, NSW 2750

A timeline of how this property has performed in the market
Last Sold
$14,500,000
13 Jun 2024
  • 13 Jun 2024
    Sold for $14,500,000
  • 29 Nov 2011
    Sold for $4,500,000
  • 21 Sep 2011
    Listed for Sale Not Disclosed
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About Penrith 2750

The size of Penrith is approximately 12.5 square kilometres. It has 35 parks covering nearly 13.5% of total area. The population of Penrith in 2011 was 11,813 people. By 2016 the population was 13,264 showing a population growth of 12.3% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation. In 2011, 45.9% of the homes in Penrith were owner-occupied compared with 40.7% in 2016.

Penrith has 12,538 properties. Over the last 5 years, Houses in Penrith have seen a 57.54% increase in median value, while Units have seen a 31.43% increase. As at 31 October 2024:

  • The median value for Houses in Penrith is $976,372 while the median value for Units is $570,743.
  • Houses have a median rent of $550 while Units have a median rent of $550.
There are currently 98 properties listed for sale, and 92 properties listed for rent in Penrith on OnTheHouse. According to CoreLogic's data, 619 properties were sold in the past 12 months in Penrith.

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