A cocktail bar for sale in Surry Hills shakes things up
Located at 501 Elizabeth Street is one of Surry Hills’ trendier bars, currently listed for sale. Previously serving cocktails as Beyond the Bookcase, the bar spans 190 square metres of floor space on 114 square metres of land, and is being sold vacant with mixed-use zoning. The existing liquor licence and infrastructure also make it an easy investment option for a hospitality venture.
“[No.] 501 Elizabeth Street represents a rare and exciting opportunity to secure a premium freehold asset in one of Sydney’s most tightly held and dynamic precincts,” explains Dillon Frain, senior associate at Mercer Property.
“Surry Hills is one of Sydney’s most in-demand suburbs for commercial property, and opportunities like this are seldom offered. Its location, just steps from Central Station and close to landmark developments such as Atlassian Central, makes this a tightly held area,” says Frain.
The surrounding neighbourhood is comprised of creatives, hospitality, retail, and residential, providing a dynamic energy and a constant flow of foot traffic. Surry Hills, renowned as a fashion and textile manufacturing hub in the 20th century, has since established itself as a top destination in Sydney for food, bar life, award-winning cafes, boutique shopping, and galleries, giving this bar a reputation simply by association with the area.
“Surry Hills has long been regarded as one of Sydney’s premier hospitality and lifestyle destinations. It’s a hotspot for bars, restaurants, cafes, and creative enterprises, attracting both locals and tourists,” says Frain.
“Owning a business here means tapping into a vibrant, trend-forward community with a strong appetite for food, culture, and nightlife. The area also enjoys steady footfall due to its proximity to transport, offices, universities, and new tech developments.”
Interest in the property has already been strong, with several investors seeing the value in owning this rare piece of land in the heart of Surry Hills.
“With recent signals of interest rate reductions, buyer confidence has surged back into the market. To date, we’ve received 76 enquiries from a diverse mix of owner-occupiers, investors, and developers, all drawn by the location, flexibility, and value-add potential of the asset,” says Frain.
