2 Station StreetPenrith NSW 2750
Property Details for 2 Station St, Penrith
Last Listing description (November 2023)
JLL and CBRE are delighted to exclusively present for sale 2-6 Station Street, Penrith a rare opportunity to acquire a critical A-Grade government office investment in a major Sydney Growth precinct.
Highly prominent corner position directly opposite Penrith Train Station and Westfield Penrith, a major regional Shopping Centre home to over 320 retailers providing exceptional retail amenity
Modern investment grade office asset purpose built for the NSW government in 2008, providing 8,436.7sqm of NLA with functional 1,429sqm floor plates and 121 basement car parks
AAA rated covenant Fully leased to NSW government until at least 2028 and providing essential services
Compelling rental growth and renewal prospects passing rent is considered to be well below market with strong renewal prospects
Market leading sustainability 5.5 star NABERS Energy rating and 5.0-star NABERS water rating, a testament to the building's high quality design and institutionally owned history
Infrastructure is reshaping Western Sydney - $11bn Western Sydney Airport opening in 2026 will reshape the region
Major economic hub - $7.9bn of local economic output with population forecast to reach 1 million by 2031
A 100% freehold interest in 2-6 Station Street is being offered via International Expressions of Interest closing Wednesday 12th July 2023 at 3:00pm (AEST). Contact the exclusive selling agents at JLL or CBRE for further information or to arrange an inspection.
Property History for 2 Station St, Penrith, NSW 2750
- 10 Aug 2023Sold for $47,750,000
- 21 Jun 2023Listed for Sale Contact the exclusive agents
- 08 Mar 2018Listed for Rent - Price not available
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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 12,572 properties. Over the last 5 years, Houses in Penrith have seen a 57.79% increase in median value, while Units have seen a 29.32% increase. As at 30 September 2024:
- The median value for Houses in Penrith is $965,319 while the median value for Units is $550,284.
- Houses have a median rent of $550 while Units have a median rent of $540.
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