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49-51 Goold Street
Chippendale NSW 2008
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Sold on 10 Jun 2021

49-51 Goold Street Chippendale NSW 2008

  • Development / Land
  • 164 m²
  • Sold

Rare Chippendale Freehold Investment with Upside

  • Established tenancy profile
  • Strong income stream
  • Development upside with demo clause

Knight Frank, as the exclusive selling agents, is delighted to present for sale 49-51 Goold Street, Chippendale a rare commercial freehold investment of scale in Sydney CBD's gentrifying fringe.

The property features a two storey freehold leased with a highly profitable bar and residence. Saga Bar, is a hidden bar within the laneways next door to Spice Alley and offers patrons an experience in itself.

- Cash flow investment, with a lease tail expiring December 2024 and a 6 month demolition clause.
- Flexible mixed use asset, with a newly renovated bar/restaurant and a first floor over sized 2 bedroom apartment
- Strategically positioned to benefit from significant future infrastructure spend happening in the surrounding precinct over the next ten years.
- Significant future development upside potential with the opportunity to transform the existing improvements into a number of uses.

For Sale via Public Auction on 10 June 2021 at Cooley Auction Centre, Level 5 of 1 Margaret Street, Sydney from 10:30am.

For more information, please contact the exclusive selling agents.

Property Highlights

Date Sold10 Jun 2021
Floor Area320 m²
Land Area164 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2016139777
Category
Last updated  16 Jun 2021
Map for 49-51 Goold Street Chippendale NSW 2008

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Property Highlights

Date Sold10 Jun 2021
Floor Area320 m²
Land Area164 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2016139777
Category
Last updated  16 Jun 2021

Co-Agents

Demi Carigliano
Knight Frank - South Sydney
Call
+61 423 015 815

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