337 Penshurst Street, North Willoughby, NSW 2068

Pentagon Property Group is pleased to present 337 Penshurst Street, North Willoughby. Offered for Sale or Lease via Expressions of Interest, this highly versatile, vacant freehold building provides exceptional flexibility for owner-occupiers, investors, and tenants seeking premium exposure on Sydney's Lower North Shore.

A Veterinary Clinic is moving into the neighbouring properties. This incoming medical neighbour guarantees consistent, high-value daily foot traffic right to your front door. This presents a highly lucrative co-location opportunity for allied health, pet services, boutique retail, or specialty service operators.

Key Property Features:

- Land Area: 237.7 sqm with a prominent 5.19m street frontage
- Floor Area: 175 sqm across two levels (91 sqm ground floor + 84 sqm first floor)*
- Rear Improvements: Freestanding 25 sqm* lock up garage.
- Parking & Access: Rear lane access via George Brain Lane with parking for up to 3 vehicles (including garage)
- Zoning: E1 Local Centre (Willoughby City Council)
- Development Potential: FSR of 2.8:1 and height limits of 14m/20m (STCA)

The property has been structured to allow for multiple leasing or occupation strategies. Secure the space as:
- The whole building
- Ground floor retail only (estimated 91 sqm)
- First floor office/showroom only (estimated 84 sqm)
- Rear garage in conjunction with either tenancy

For investors, this split-tenancy capability offers diversified income streams with an estimated fully leased net income target of $117,500 p.a. + GST.

The property is offered For Sale or Lease via Expressions of Interest, closing Thursday 24 June 2026 at 4:00 pm.

For further information or to arrange an inspection, please get in touch.


*Note: All areas, dimensions, and financial information are approximate only and based on indicative marketing plans. Purchasers and tenants must conduct their own independent measurements and due diligence.