Positioned in a tightly held Panania location with excellent street exposure and outstanding connectivity, this versatile mixed-use property presents an exceptional opportunity for investors, owner-occupiers and business operators alike.

Located approximately 700m from Panania Train Station, with bus services at your doorstep via Tower Street, the property enjoys convenient access to Panania’s shopping precinct, transport and surrounding amenities.

Comprising a ground-floor commercial premises with a spacious two-bedroom residence above, the property is offered for sale as one complete holding, providing the flexibility of both commercial and residential accommodation under the one title. Please note, the upstairs residence is accessed directly through the commercial premises and does not have separate access.

The ground-floor commercial space offers excellent functionality for a range of business uses, featuring commercial refrigeration facilities, mains gas, tiled flooring, split-system air conditioning and practical commercial amenities, including an outdoor toilet and storage shed.

Upstairs, the well-maintained residence provides generous and comfortable accommodation, featuring two spacious bedrooms, floorboards throughout and an open-plan kitchen, dining and sitting area. The kitchen includes ample storage and a pantry, while additional features include a bathroom with bath/shower, linen storage and a single lock-up garage with additional storage.

Property Features
Commercial Premises
• Highly visible position with excellent street exposure
• Approximately 700m to Panania Train Station
• Bus services at your doorstep via Tower Street
• Convenient access to Panania shopping and local amenities
• Commercial refrigeration & cooking facilities
• Mains gas
• Tiled flooring
• Split-system air conditioning
• Current rental return of $5,401.04 (GST INC) per month Total annual rental return of $64,812.48

Residence Above
• Two generous bedrooms
• Open-plan kitchen, dining and living area
• Well-appointed kitchen with pantry
• Floorboards throughout
• Bathroom with bath/shower
• Linen storage
• Outdoor toilet and storage shed
• Single lock-up garage with additional storage
• Accessed via the commercial premises with no separate residential access

Offering a combination of commercial exposure, residential accommodation and excellent transport connectivity, opportunities of this nature are rarely offered in such a tightly held Panania location.
Whether you’re looking to invest, establish your business or secure a versatile mixed-use asset with long-term potential, this is an opportunity not to be missed.

Exclusively listed by Alliance Real Estate.

Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained herein is true and accurate to the best of our knowledge, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or mis-statements contained in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document.

Close to Schools, Close to Shops, Close to Transport, Grease Trap, Heating