SOLD
Sold on 03 Nov 2023 for $8,500,000

114 Darlinghurst Road
Darlinghurst NSW 2010

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 247m2
Sold By
Dominic D'Ettorre
D'Ettorre Real Estate
Rupert Piggin
D'Ettorre Real Estate
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Property Details for 114 Darlinghurst Rd, Darlinghurst

Building Type
Commercial
Land Size
247m2
Local Government
Sydney
Lot/Plan
9/DP975069

Last Listing description (November 2023)

D'Ettorre Real Estate is pleased to offer this fully leased free-hold commercial property at 114 Darlinghurst Road & 231 Victoria Street, Darlinghurst to the market.

Two separate leases to a professional hotel operator & popular Italian restaurant & wine bar proprietor


Comprising of two valuable street frontages

GAR combined income $443,211.79 P.A. + GST

Sydney Boutique Hotel comprises of a reception area and 16 self-contained rooms

Sydney Boutique Hotel rent: $337,090.92 + GST P.A.

Bella Restaurant & Wine Bar enjoys two entries and runs through to both street frontages

Bella Restaurant & Wine Bar rent: $106,120.80 + GST P.A.

Property profile

Freehold offering
Key position with double street frontages via Darlinghurst Road and Victoria Street
Zoned MU1 - Mixed Use
Height: 18m
FSR: 2.5:1
Land size 247 sqm
Set amongst Sydney's premiere medical precinct
Located in vibrant Darlinghurst at the heart of the restaurant and caf precinct.

Only a short stroll to Sydney's premiere medical precinct: Garvan Institute, St Vincent's Hospital & Lowy Packer Cancer Research Centre. Walking distance to Kings Cross Train Station & Rushcutters Bay Harbour foreshores.

Inspections: By private appointment.

Property History for 114 Darlinghurst Rd, Darlinghurst, NSW 2010

A timeline of how this property has performed in the market
Last Sold
$8,500,000
03 Nov 2023
Listed for Rent
23 Jul 2019
  • 03 Nov 2023
    Sold for $8,500,000
  • 18 Sep 2023
    Listed for Sale Price On Application
  • 17 Oct 2019
    Sold for $7,200,000
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About Darlinghurst 2010

The size of Darlinghurst is approximately 0.9 square kilometres. It has 10 parks covering nearly 2.1% of total area. The population of Darlinghurst in 2011 was 10,060 people. By 2016 the population was 11,325 showing a population growth of 12.6% in the area during that time. The predominant age group in Darlinghurst is 30-39 years. Households in Darlinghurst are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Darlinghurst work in a professional occupation. In 2011, 37.7% of the homes in Darlinghurst were owner-occupied compared with 36.3% in 2016.

Darlinghurst has 9,523 properties.

    There are currently 29 properties listed for sale, and 47 properties listed for rent in Darlinghurst on OnTheHouse. According to CoreLogic's data, 320 properties were sold in the past 12 months in Darlinghurst.

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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.