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229 Tower Street, Panania, NSW 2213

229 Tower Street, Panania, NSW 2213

Retail Offices

  • For Sale
  • For Sale
  • For Sale

AUCTION THIS TUESDAY 17TH APRIL - CALL FOR FURTHER DETAILS

  • 2035sqm Site Area
  • Multiple Development Options
  • 300 Metres from Railway Station

  • Land Area
  • 2035.00 m² (approx)
  • Floor Area
  • 1,000 m²
  • Tenure Type
  • Vacant Possession
  • Last Updated
  • Apr 18, 2018
  • Car Spaces
  • 20
  • Zoning
  • B2 Local Centre

Interested in this property? Contact an Agent today

Raine & Horne Commercial - South Sydney/Marrickville

4-8 Gladstone St

Marrickville NSW 2204

Nicholas Smith, Raine & Horne Commercial - South Sydney/Marrickville
Nicholas Smith

AUCTION THIS TUESDAY 17TH APRIL - CALL FOR FURTHER DETAILS

Raine & Horne Commercial are pleased to offer 229 Tower Street, Panania to the market for auction. The property represents a great opportunity for developers and investors.
Large corner retail site zoned B2 Local Centre
Situated within a thriving retail precinct
Currently 5 ground floor retail shops plus ATM
Ample rear parking and loading off Eddie Avenue
Existing income of approximately $20,000 per month
Potential fully leased income of over $450,000 per annum
Rear Car park (access via Eadie Ave) to approximately 20 car spaces
DA lodged for mixed use development containing 36 units plus approximately 820sqm of retail
Current permissible FSR of 2:1 and 14 metre height limit
Prime location only a very short walk to Panania Railway station which is currently undergoing a major upgrade
Panania is an established residential suburb in the local government area Canterbury Bankstown Council, located 23 kilometres south-west of the Sydney CBD
This prime retail investment with development upside and is an opportunity not to be missed

229 Tower Street, Panania, NSW 2213

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