FOR RENT
All offers considered

Shop 3, 259-261 Clarence Street
Sydney NSW 2000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 280m2
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LICENCED BAR/RESTAURANT IN A PRIME LOCATION

Ray White Commercial (SC) is pleased to present for lease this substantial dual level Licenced cafe/bar/restaurant opportunity located at the ground floor of 259 Clarence Street, Sydney.
This spacious premises boasts a large commercial kitchen on the ground floor with grease trap provisions, 50+ seating capacity, and individually controlled air conditioning system. The property has a large mezzanine level which incorporates additional seating, boardroom as well as exclusive amenities. The zoning for this asset is broad, meaning potential uses could include retail, showrooms, hospitality and a range of other general commercial uses.
The property sits in the Western corridor of the Sydney CBD with convenient access to Town Hall Station, Queen Victoria Building and Darling Harbour. The property is offered with vacant possession and is ideal for a range of owner occupiers or an astute investor wanting to capitalise on the strong rental income this asset could return.
Additional highlights of the asset include:
• Internal area - 280 sqm*
• Dual level with high entry ceiling level
• Exclusive amenities & boardroom
• Large commercial kitchen with grease trap provisions
• Individually controlled air conditioning
• Existing liquor licence for the premises
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Property Details for Shop 3, 259-261 Clarence St, Sydney, NSW 2000

Building Type
Commercial
Floor Size
280m2

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About Sydney 2000

The size of Sydney is approximately 3 square kilometres. It has 16 parks covering nearly 33.5% of total area. The population of Sydney in 2011 was 14,307 people. By 2016 the population was 17,261 showing a population growth of 20.6% in the area during that time. The predominant age group in Sydney is 20-29 years. Households in Sydney are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sydney work in a professional occupation. In 2011, 33.6% of the homes in Sydney were owner-occupied compared with 29.1% in 2016.

Sydney has 24,401 properties. Over the last 5 years, Houses in Sydney have seen a -34.41% decrease in median value, while Units have seen a 3.48% increase. As at 31 January 2025:

  • The median value for Houses in Sydney is $3,086,459 while the median value for Units is $1,108,905.
  • Houses have a median rent of $820 while Units have a median rent of $950.
There are currently 165 properties listed for sale, and 345 properties listed for rent in Sydney on OnTheHouse. According to CoreLogic's data, 652 properties were sold in the past 12 months in Sydney.

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Baxter Van Heyst
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RWC SC
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