FOR SALE
Auction

244 Princes Highway
Sylvania NSW 2224

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 342m2
Auction Time
Mon 4 Nov 6:00 pm
Inspection Times
No upcoming inspections scheduled.
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Iconic Restaurant with Rear Parking, Rare Opportunity!

Offered for the first time since the 1960s, this Shire icon has enjoyed a long history as a popular Chinese restaurant. Having hosted everyone from football stars to media personalities and actors as well as being featured in TV commercials and even a recent Hollywood blockbuster, this historical building is beautifully authentic. Having undergone recent updates, the premises comes with a new kitchen that is both lunch and dinner capable, presenting a great opportunity for a food service business looking to maximise operations. Situated next to a shopping mall with customer car park, the restaurant is nestled in a busy hub with great exposure to the Princes Highway.
• Licensed restaurant, 342sqm (approx) internal
• Newly retrofitted mezzanine kitchen
• Ideal for Dim Sum plus dinner service
• Large dining hall with an ornate ceiling
• Traditional décor imported from Taiwan
• Rear access to 2 car spaces & a garage
• 5 toilets, 3 store rooms, reception area
Co-Agent:
Con Economos - Ray White Rockdale
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Property Details for 244 Princes Hwy, Sylvania

Building Type
Commercial
Floor Size
342m2

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About Sylvania 2224

The size of Sylvania is approximately 4.4 square kilometres. It has 11 parks covering nearly 4% of total area. The population of Sylvania in 2011 was 9,729 people. By 2016 the population was 10,489 showing a population growth of 7.8% in the area during that time. The predominant age group in Sylvania is 40-49 years. Households in Sylvania are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Sylvania work in a professional occupation. In 2011, 73.8% of the homes in Sylvania were owner-occupied compared with 75.5% in 2016.

Sylvania has 5,074 properties. Over the last 5 years, Houses in Sylvania have seen a 43.84% increase in median value, while Units have seen a 40.06% increase. As at 30 September 2024:

  • The median value for Houses in Sylvania is $1,988,252 while the median value for Units is $1,217,236.
  • Houses have a median rent of $980 while Units have a median rent of $723.
There are currently 31 properties listed for sale, and 9 properties listed for rent in Sylvania on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Sylvania.

Suburb Insights for Sylvania 2224

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Alex Santelli
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RWC South Sydney
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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.