5 Higgins Street, Penrith, NSW 2750

Raine & Horne Commercial Penrith is proud to offer 5 Higgins Street, Penrith for sale by Auction on Thursday, 8th October 2026.

An exceptionally rare opportunity to acquire a substantial 2,996sqm* Mixed Use development site in the heart of Penrith CBD, with the significant advantage of a fully vacant lot with an approved development scheme and subsequent Section 96 approval already in place.

Positioned between Higgins Street and High Street, 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 significant planning work already completed.

The approved DA provides for a six-storey development plus two basement levels, approximately 4,885sqm* GFA, 108* car spaces, ground-floor retail, upper-level accommodation, loading facilities, landscaped areas and end-of-trip facilities. A subsequent Section 96 approval further refines the approved scheme.

With 2,996sqm* of Mixed Use land and prominent High Street frontage, the property offers a multitude of opportunities for developers, investors and owner-occupiers, supported by Penrith's continued CBD transformation and major surrounding investment.

Property Highlights;
• 2,996sqm* substantial CBD development site with prominent dual street frontage to Higgins Street and High Street
• DA approved six-storey development over two basement levels, incorporating approximately 4,885sqm* GFA
• MU1 Mixed Use zoning with an approximately 25.4m* height limit, providing flexibility for a range of commercial, retail, residential and mixed-use outcomes
• Approved scheme includes 108 on-site car spaces, dedicated loading facilities, landscaped podium areas and contemporary end-of-trip facilities
• Subsequent Section 96 approval includes refinements 
• Highly central Penrith CBD location, positioned within the established High Street retail and commercial precinct and close to Penrith Train Station, Westfield Penrith, Nepean Hospital and Western Sydney University
• Excellent connectivity to the M4 Motorway, Great Western Highway, The Northern Road and Western Sydney International Airport
• Significant planning and design work already undertaken, providing purchasers with a well-advanced, development-ready opportunity and substantially reducing planning risk

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 transformation and growth of Western Sydney.

For further information, please contact the exclusive agents.

*All quoted measurements are approximate