FOR SALE
Under Contract

159 Tower Street
Panania NSW 2213

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 224m2
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Calling all Restaurateurs and Investors!!!

W.I.W.O
Very rarely will you find a very unique freestanding commercial property located on the main road of a beautiful suburb.
Leased to a very famous and popular Vietnamese restaurant, professionally designed and very well equipped, licenced, very loyal customer base and is fully systemised for dining in, take away and delivery.
Located at the heart of a wonderfully vibrant, cosmopolitan neighborhood, the shop has internal 90 seats plus outdoor dining.
Rental income $1550 per week plus gst
There is an opportunity to build a second floor (S.T.C.A) to live, or for expanding the business. Residential accommodation or an additional commercial space? As the Owner of this space, the choice is yours, this could be storage or as further seating for the business.
To further leverage the existing business, a future proprietor may want to use the existing brand and online presence as shown on ‘Google Reviews’, ‘Menulog’ and ‘TripAdvisor’ all detailing a wonderful experience from the customer’s who have dabbled in the variety of dishes.
Please do come and visit the shop during lunch and dinner. Try the ‘Green Bamboo Rolls’ that will introduce a refreshing load of vegetables along with your choice of chicken, vegetarian, roast duck, lamb fillets or prawns. ‘Bo La Lot’ is another famous Vietnamese dish commonly found throughout South East Asia incorporating ‘tender beef and lemon grass wrapped in betel leaves and grilled’.
It is evident that local families frequently visit the area. Demonstrated by the close proximity to residential streets and the stable school enrolment rate, this is a family friendly suburb that the community will enjoy for generations to come.
Revesby Station - 5 minute drive, Panania Station - 3 minute drive
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Property Details for 159 Tower St, Panania

Building Type
Commercial
Floor Size
224m2

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About Panania 2213

The size of Panania is approximately 4.7 square kilometres. It has 21 parks covering nearly 15.8% of total area. The population of Panania in 2011 was 11,489 people. By 2016 the population was 12,428 showing a population growth of 8.2% in the area during that time. The predominant age group in Panania is 40-49 years. Households in Panania are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Panania work in a professional occupation. In 2011, 72.6% of the homes in Panania were owner-occupied compared with 69.7% in 2016.

Panania has 5,322 properties. Over the last 5 years, Houses in Panania have seen a 67.42% increase in median value, while Units have seen a 44.86% increase. As at 30 September 2024:

  • The median value for Houses in Panania is $1,484,341 while the median value for Units is $995,859.
  • Houses have a median rent of $800 while Units have a median rent of $590.
There are currently 17 properties listed for sale, and 8 properties listed for rent in Panania on OnTheHouse. According to CoreLogic's data, 197 properties were sold in the past 12 months in Panania.

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Antonio Nguyen
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LJ Hooker Cabramatta
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