SOLD
Sold on 13 Oct 2023 for $1,210,000

2/72-80 Allison Crescent
Menai NSW 2234

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7198m2
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Property Details for 2/72-80 Allison Cres, Menai

Building Type
Commercial
Year Built
2000
Land Size
7198m2
Local Government
Sutherland
Lot/Plan
2/SP61984

Last Listing description (October 2023)

CPG are pleased to present exclusively for sale or lease this fully furnished restaurant offering a prime location in the bustling Menai hub, right next to Rocksalt restaurant.

Boasting a well-appointed interior, this restaurant previously operated as a Modern Italian and Pizza eatery, offering a spacious dining area capable of accommodating able guests. With its appealing presentation and strategic location, this strata property is perfectly suited for an owner-operator or a discerning investor seeking a lucrative venture.


Key Features:
170m* walk-in walk-out restaurant
Additional undercover alfresco seating area
Great location in well known business hub(Menai Metro)
Surrounded by thriving local businesses
Storage and car parking on strata title

3D Virtual Tour | https://my.matterport.com/show/?m=FHNvkprbPTc

Contact Jackson Chambers on 0476 001 048 or Greg Carr on 0477 880 576 for more information or to arrange an inspection.

*Approximate

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Property History for 2/72-80 Allison Cres, Menai, NSW 2234

A timeline of how this property has performed in the market
Last Sold
$1,210,000
13 Oct 2023
Listed for Rent
$130k/w
11 Oct 2023
  • 13 Oct 2023
    Sold for $1,210,000
  • 12 Jul 2023
    Listed for Rent - Price not available
  • 12 Jul 2023
    Listed for Sale Contact Agent
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About Menai 2234

The size of Menai is approximately 13.6 square kilometres. It has 24 parks covering nearly 17.8% of total area. The population of Menai in 2011 was 10,529 people. By 2016 the population was 10,275 showing a population decline of 2.4% in the area during that time. The predominant age group in Menai is 50-59 years. Households in Menai are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Menai work in a professional occupation. In 2011, 80.6% of the homes in Menai were owner-occupied compared with 80.7% in 2016.

Menai has 3,986 properties. Over the last 5 years, Houses in Menai have seen a 63.67% increase in median value, while Units have seen a 46.76% increase. As at 31 August 2024:

  • The median value for Houses in Menai is $1,586,585 while the median value for Units is $1,067,586.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 15 properties listed for sale, and 9 properties listed for rent in Menai on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Menai.

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