BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Rare DA-Approved Development Opportunity in the Heart of Penrit h CBD\nRaine & Horne Commercial Penrith is proud to offer 5 Higgins Street \, Penrith for sale by Auction on Thursday\, 8th October 2026.\n\nAn excep tionally rare opportunity to acquire a substantial 2\,996sqm* Mixed Use de velopment site in the heart of Penrith CBD\, with the significant advantag e of a fully vacant lot with an approved development scheme and subsequent Section 96 approval already in place.\n\nPositioned between Higgins Stree t and High Street\, the site benefits from dual street frontage and a prim e CBD location. Opportunities combining this scale\, location and DA appro val are rarely offered\, allowing purchasers to progress a substantial dev elopment with significant planning work already completed.\n\nThe approved DA provides for a six-storey development plus two basement levels\, appro ximately 4\,885sqm* GFA\, 108* car spaces\, ground-floor retail\, upper-le vel accommodation\, loading facilities\, landscaped areas and end-of-trip facilities. A subsequent Section 96 approval further refines the approved scheme.\n\nWith 2\,996sqm* of Mixed Use land and prominent High Street fro ntage\, the property offers a multitude of opportunities for developers\, investors and owner-occupiers\, supported by Penrith's continued CBD trans formation and major surrounding investment.\n\nProperty Highlights\;\n• 2\,996sqm* substantial CBD development site with prominent dual street fro ntage to Higgins Street and High Street\n• DA approved six-storey develo pment over two basement levels\, incorporating approximately 4\,885sqm* GF A\n• MU1 Mixed Use zoning with an approximately 25.4m* height limit\, pr oviding flexibility for a range of commercial\, retail\, residential and m ixed-use outcomes\n• Approved scheme includes 108 on-site car spaces\, d edicated loading facilities\, landscaped podium areas and contemporary end -of-trip facilities\n• Subsequent Section 96 approval includes refinemen ts \n• Highly central Penrith CBD location\, positioned within the estab lished High Street retail and commercial precinct and close to Penrith Tra in Station\, Westfield Penrith\, Nepean Hospital and Western Sydney Univer sity\n• Excellent connectivity to the M4 Motorway\, Great Western Highwa y\, The Northern Road and Western Sydney International Airport\n• Signif icant planning and design work already undertaken\, providing purchasers w ith a well-advanced\, development-ready opportunity and substantially redu cing planning risk\n\nA truly rare opportunity to secure a DA-approved dev elopment site of scale in the heart of Penrith CBD\, offering purchasers t he potential to capitalise on the continued transformation and growth of W estern Sydney.\n\nFor further information\, please contact the exclusive a gents.\n\n*All quoted measurements are approximate DTEND:20261008T113000 DTSTAMP:20260821T100121Z DTSTART:20261008T103000 LOCATION:Mezzanine Level/50 Margaret St\, Sydney NSW 2000 SEQUENCE:0 SUMMARY:Auction: 5 Higgins Street\, Penrith NSW UID:CRE-2021092309-Auction X-ALT-DESC;FMTTYPE=text/html:

Rare DA-Approved Development Opportun ity in the Heart of Penrith CBD
Raine & Horne Commercial Penrith is proud to offer 5 Higgins Street\, Penrith for sale by Auction on Thursday\ , 8th October 2026.\n
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An exceptionally rare opportunity to acquire a substantial 2\,996sqm* Mixed Use development site in the heart o f Penrith CBD\, with the significant advantage of a fully vacant lot with an approved development scheme and subsequent Section 96 approval already in place.\n
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Positioned between Higgins Street and High Stre et\, the site benefits from dual street frontage and a prime CBD location. Opportunities combining this scale\, location and DA approval are rarely offered\, allowing purchasers to progress a substantial development with s ignificant planning work already completed.\n
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The approved DA provides for a six-storey development plus two basement levels\, approx imately 4\,885sqm* GFA\, 108* car spaces\, ground-floor retail\, upper-lev el accommodation\, loading facilities\, landscaped areas and end-of-trip f acilities. A subsequent Section 96 approval further refines the approved s cheme.\n
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With 2\,996sqm* of Mixed Use land and prominent Hi gh Street frontage\, the property offers a multitude of opportunities for developers\, investors and owner-occupiers\, supported by Penrith's contin ued CBD transformation and major surrounding investment.\n
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Property Highlights\;\n
• 2\,996sqm* substantial CBD development s ite with prominent dual street frontage to Higgins Street and High Street\ n
• DA approved six-storey development over two basement levels\, incorporating approximately 4\,885sqm* GFA\n
• MU1 Mixed Use zonin g with an approximately 25.4m* height limit\, providing flexibility for a range of commercial\, retail\, residential and mixed-use outcomes\n
• Approved scheme includes 108 on-site car spaces\, dedicated loading fa cilities\, landscaped podium areas and contemporary end-of-trip facilities \n
• Subsequent Section 96 approval includes refinements \n
• Highly central Penrith CBD location\, positioned within the establishe d High Street retail and commercial precinct and close to Penrith Train St ation\, Westfield Penrith\, Nepean Hospital and Western Sydney University\ n
• Excellent connectivity to the M4 Motorway\, Great Western High way\, The Northern Road and Western Sydney International Airport\n
• Significant planning and design work already undertaken\, providing pu rchasers with a well-advanced\, development-ready opportunity and substant ially reducing planning risk\n
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A truly rare opportunity to secure a DA-approved development site of scale in the heart of Penrith CBD \, offering purchasers the potential to capitalise on the continued transf ormation and growth of Western Sydney.\n
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For further inform ation\, please contact the exclusive agents.\n
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*All quoted measurements are approximate

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