Occupy, Invest Or Develop In This Affluent Sydney Catchment

Ray White Retail are proud to present 308-314 Penshurst Street, Willoughby (Sydney) NSW. For sale by Expressions of Interest closing Wednesday 18th November 2026 at 2pm (AEDT).

|What|
• 839sqm* two-storey commercial building on a 934sqm* landholding
• Three ground floor retail tenancies plus commercial suites on the first floor
• Dual-street frontage of 24.59m* to Penshurst Street & 24.72m* to Sydney Street
• On-site tenant parking for approximately 8 vehicles, with entry & exit via Sydney Street
• E1 Local Centre zoning permitting development up to 17m* (STCA), with a 20% to 30% height bonus potentially available for in-fill affordable housing

|Where|
• 9km* North of the Sydney CBD in the Lower North Shore
• Prominently positioned on the tightly held Penshurst Street high-street corridor, with exposure to over 177,000 vehicles weekly
• Convenient access to Chatswood Interchange, providing metro and train services to the Sydney CBD
• City of Willoughby population of approximately 80,500, forecast to grow to over 87,400 by 2036

|Why|
• Immediate value-add play with vacancies presenting the opportunity to reposition and re-lease
• Scope for retail, medical or office owner-occupiers to occupy part of the building today and the whole building in the future
• Rare drive-thru capacity within the Shop 1 & 2 tenancy, capitalising on the dual-street frontage
• In the heart of Willoughby, one of Sydney's most affluent suburbs with a median weekly household income of $2,488

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