Colliers Unveils Prime Investment Opportunity in Penrith: ‘Midas Penrith’ Hits the Market for the First Time in 25 Years

Rare Commercial Property Opportunity in Penrith’s Growth Corridor

Colliers is delighted to present a rare investment opportunity with the launch of ‘Midas Penrith’ for sale, marking the first time in 25 years that this prime property has been offered to the market. Located at 29 Henry Street, Penrith, this property is strategically positioned at the eastern entry point to the Penrith CBD and is surrounded by major international brands, including 7-Eleven, McDonald’s, and ALDI. This exceptional location offers tremendous potential for commercial success.

‘Midas Penrith’ occupies a well-maintained 532 sqm* block of land within a bustling bulky goods and industrial precinct. Situated on Henry Street, a major thoroughfare in the area, the site benefits from direct access to Penrith’s vibrant CBD and the Westfield shopping centre, which serves as the heart of local commerce. The property comprises freehold industrial units in the Penrith CBD and is leased to the nationally recognised brand ‘Midas’, providing an annual income of $81,082.84 + GST*. The current lease is secured until September 2025, with two 5-year options available, and all outgoings are paid by the tenant, ensuring a secure and stable investment. Additionally, the property has an underlying zoning of MU1 Mixed Use, enhancing its appeal for various future developments.

Nick Estephen, a leading agent at Colliers, commented on the current market conditions: “With the ongoing development in Western Sydney, particularly around the new Western Sydney International Airport and the stadium renovations, Penrith is poised for substantial growth. ‘Midas Penrith’ offers an entry-level investment into this dynamic market with a secure income stream and strong future growth potential.”

Thomas Mosca, another key agent from Colliers, added: “The property’s location at the gateway to the Penrith CBD, coupled with its robust lease structure and strategic positioning among leading brands, makes it a standout opportunity for investors looking to capitalise on the region’s burgeoning growth. This is a unique chance to secure a high-performing asset in a market that continues to attract significant interest.”

James Quick, also part of the Colliers team managing the sale, highlighted the property’s unique features: “The fact that ‘Midas Penrith’ has been tightly held for the past 25 years speaks volumes about its desirability. This property offers investors not only a solid and secure income stream but also the flexibility to explore future development opportunities, given its mixed-use zoning. It’s a rare opportunity to own a piece of Penrith’s commercial landscape in an area that is rapidly transforming and growing.”

Offered for sale with an asking price of $1,735,000, ‘Midas Penrith’ presents an excellent entry-level asset in a rapidly growing region. The property’s strategic location, coupled with its secure tenancy and development potential, makes it an attractive investment for those looking to benefit from Penrith’s growth and development.

For further details or to arrange a viewing, interested parties are encouraged to contact the Colliers team.