Shead Property are delighted to offer for sale by way of public auction this exceptional property at 83 Penshurst Street, Willoughby.
This property is a prize asset within the Willoughby blue ribbon location with neighbours such as Dan Murphy's Liquor. With rear lane access and excellent frontage, the property was previously leased to a café business which has now ceased operation making this an excellent opportunity for any owner occupier to relocate their business and be in total control of their future.
The property is part of the new Local Centre E 1 zoning under Willoughby LEP 2012 which allows for a maximum height of 11m / 17m with a FSR of 2.8:1. Council's objectives with this new zoning is to enable residential development that contributes to a vibrant and active local centre and is consistent with the Council's strategic planning for residential development in the area.
The zoning supports numerous uses such as retail shops, medical / consulting practices, commercial premises, professional services, entertainment facilities and information / education facilities.
Key features;
• Land Area: 271.9 sqm
• Freehold Title
• Rear Access
• Wide Frontage
• Offered with Vacant Possession
• Excellent Exposure
• Development Upside
For sale by Public Auction
10:30am, Tuesday 23rd April 2024
Auction Works, Mezzanine Level,
50 Margaret Street, Sydney
For further information please contact:
Bill Geroulis
0413 100 200 | bill@shead.com.au
Rick Sombroek
0412 280 181 | rick@shead.com.au
Ivor Zhou
0430 248 867 | i.zhou@shead.com.au
Disclaimer: All data is provided for information purposes only and while all care is taken in its presentation, Shead Property does not guarantee or warrant the accuracy, completeness or currency of the information