We hydrothermally synthesized a layered PbFePO4F2 (P21/n). Fe3+ cations (S = 5/2) within the layer are connected via F- and (PO4)3- anions to give a novel (distorted) 1/6th bond depleted triangular lattice. The χ(T) suggests strong antiferromagnetic interactions with a Weiss constant of -125 K, but geometrical frustration and low dimensionality appear to prohibit a long-range order down to 23 K.