Former Darlinghurst swingers club up for sale with approved DA for a boarding house

Real Estate

Two terraces at 93-95 Crown Street, Darlinghurst, including one that was a swingers club, is on the market with approved plans for 16 self-contained apartments.

Two neighbouring inner city terraces, including one that was home to a popular swingers club, have hit the market with approved plans for a boarding house.

The Crown Street terraces at Darlinghurst have dual street frontage, eight bathrooms and 10 bedrooms with some unusual quirks.

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The amalgamated site is on the market with a $4.5m guide ahead of a May 22 auction with Oxford Agency — Darlinghurst agents Matt Marano and Marcus Abraham.

Real Estate

The property has a $4.5m guide.

The terrace at 93 Crown Street was home to swingers club, Our Secret Spot, until it recently moved to a new address in the inner west.

That property features everything you would not expect to find in a typical inner city terrace including a swing in one of the bedrooms, velvet furniture, large showers beside beds, a locker room and reception lounge.

A two-bedroom apartment was advertised for rent with a $400 per week asking price at the 95 Crown Street.

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Fancy a shower beside your bed?

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Artist impressions reveal a boarding house behind the current terrace facade.

Mr Marano said the combined property is fully tenanted and is currently generating about $161,400 per annum in rental income for the sellers.

With B4 Mixed use zoning and a floor to space ratio of 3:1, the address can be used for a variety of commercial, retail and residential offerings.

Approved plans include a 22m building at the rear of the property, while the front of the historic terraces will be kept in tact. The site will have 16 self-contained rooms and about 210sqm of commercial space.

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Inside the former swingers club.

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The rooftop terrace has views of Sydney Tower.

Mr Marano said the listing comes at a time when demand for short-term accommodation offerings has risen as Australia begins to slowly open in wake of the 2020 COVID-19 shutdowns.

“The market is bouncing back with a lot of buyers looking for short-term accommodation products,” he said.

“This site is the perfect opportunity for local developers who are looking to build now to capitalise when borders reopen.”