337, 339 & 339a Penshurst Street, North Willoughby, NSW 2068

A rare and highly strategic offering: three adjoining freehold properties in the heart of the Penshurst Street retail / dining strip, North Willoughby. Offered individually or as one line, this portfolio delivers immediate income, leasing flexibility, and compelling redevelopment potential under E1 Local Centre zoning. The vendors are strongly motivated to transact at auction.

Combined Attributes

• Penshurst St frontage ~15.69-m with rear lane servicing and parking for up to 8–9 cars

• Zoning: E1 Local Centre (Willoughby LEP 2012)

• FSR: 2.8:1 with height limit of 14-m and 20-m

• Indicative redevelopment yield: ~1,983-m² GFA (STCA)

337 Penshurst Street

• Vacant retail + upper showroom / office with kitchen

• Rear garage + 2 car spaces

• Ability to dual-lease or convert part to residence (STCA)

339 Penshurst Street

• Ground floor restaurant (Express Thai Noodle Hut)

• Upper 2–3 bed apartment with separate access

• Rear parking for 3 cars

• Leased

339A Penshurst Street

• Restaurant / bar / kitchen layout on ground floor

• Upper 2–3 bed apartment

• Rear parking for up to 2 cars

• Vacant — ready for lease, occupancy or repositioning

This offering uniquely blends street-scale exposure, income stability, and future redevelopment optionality in a tightly held local centre. Whether you’re an investor seeking yield, an owner-occupier seeking visibility, or a developer exploring a precinct-scale scheme — this portfolio offers broad appeal.

Inspection and campaign information are available by registration.

Contact Toby Silk, Pentagon Property to receive the data room, schedule inspections, or discuss your bid strategy.

All information is provided in good faith and derived from sources believed to be accurate. Pentagon Property Group Pty Ltd makes no warranty as to its accuracy or completeness. Interested parties should conduct their own due diligence and verify all details, including areas, dimensions, approvals and development potential (STCA). Prices, rentals and other data are subject to change without notice.