49-51 Goold Street,
Chippendale, NSW 2008
Development Sites & Land • Hotel, Motel & Leisure • Offices
Key property information
Land area
Floor area
Parking info
Property extent
Zoning
Tenure type
Sold on
Map of 49-51 Goold Street
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.
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.
Chippendale, 2008 demographic data
The median household income for Chippendale is $1,606, 23% lower than Greater Sydney's household income of $2,077. Chippendale has a younger age profile compared to the rest of Greater Sydney (median age 28 vs 37). Property ownership data shows 56% of property owners in Chippendale have a mortgage.
7,803
Population
$1,606 per week
Median household income
28 years
Median age
Renters
Most residents
Singles
Most households
49-51 Goold Street
Chippendale, NSW 2008
Knight Frank - South SydneySuite 12Ga, Graphix Row, 160 Bourke Road
ALEXANDRIA, NSW 2015
ALEXANDRIA, NSW 2015
Contact Agency
Knight Frank - SydneyLevel 22 Angel Place, 123 Pitt Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Contact Agency
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
56 City Road,Chippendale, NSW 2008 177 m²Hotel, Motel & Leisure • Offices • Development Sites & Land
$4,070,000
82 & 84 City Road,Chippendale, NSW 2008 1 m²Hotel, Motel & Leisure • Development Sites & Land • Other
Contact Agent
4-12 Buckland Street,Chippendale, NSW 2008 2080 m²Offices • Development Sites & Land • Other