FOR SALE
$98,000

Contact Agent For Address
Illawong NSW 2234

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 217m2
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Renowned Hong Kong-Style Seafood Restaurant for Sale in Illawong Village, Sydney South

Renowned Hong Kong-Style Seafood Restaurant for Sale in Illawong Village, Sydney South
Summary:
A fantastic opportunity to acquire a beloved Hong Kong-style seafood restaurant located in Illawong Village, Sydney South. Operating for several years, this restaurant has built a loyal customer base and is a favorite among local retirees. With a total area of 217 square meters, the establishment boasts a spacious kitchen and dining area, providing an inviting atmosphere for patrons.
Key Features:
• Specialized Cuisine: The restaurant specializes in Hong Kong-style seafood, offering a rich and diverse menu that caters to the multicultural population of the area.
• Prime Location: Situated in the only shopping and dining village in Illawong, providing ample free parking for customers.
• Large Customer Base: The restaurant is highly favored by local retirees and has strong local customer loyalty.
• Minimal Competition: The largest and most comprehensive Hong Kong-style Chinese restaurant in the area, with no direct competitors nearby.
Potentials:
• Menu Expansion: Opportunity to expand the menu to include more diverse dishes, attracting a wider range of customers.
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Property Details for Contact Agent For Address, Illawong

Building Type
Commercial
Floor Size
217m2

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About Illawong 2234

The size of Illawong is approximately 5.9 square kilometres. It has 14 parks covering nearly 13.2% of total area. The population of Illawong in 2011 was 7,329 people. By 2016 the population was 7,266 showing a population decline of 0.9% in the area during that time. The predominant age group in Illawong is 50-59 years. Households in Illawong are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Illawong work in a professional occupation. In 2011, 91.6% of the homes in Illawong were owner-occupied compared with 90.6% in 2016.

Illawong has 2,657 properties. Over the last 5 years, Houses in Illawong have seen a 56.55% increase in median value, while Units have seen a 44.03% increase. As at 31 August 2024:

  • The median value for Houses in Illawong is $1,766,875 while the median value for Units is $1,154,785.
  • Houses have a median rent of $1,200 while Units have a median rent of $680.
There are currently 13 properties listed for sale, and 5 properties listed for rent in Illawong on OnTheHouse. According to CoreLogic's data, 85 properties were sold in the past 12 months in Illawong.

Suburb Insights for Illawong 2234

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Contact agent
Jeffrey Lei
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ANND PROPERTIES GROUP PTY LTD
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.