38/127-139 Macleay StreetPotts Point NSW 2011
Property Details for 38/127-139 Macleay St, Potts Point
Last Listing description (September 2023)
Mercer Property is pleased to present to the market Lots 37 & 38/127-133 Macleay Street Potts Point for sale via Expressions of Interest.
Located in the heart of what is Potts Points main dining precinct, the property is positioned amongst thriving modern hospitality venues such as, Room Ten cafe, Apollo dining, Franca, Fratelli Paradiso and many more. In addition to these noted venues, 127-133 Macleay Street sits next to the brand new Iris Capital mixed-use development Queensgate.
https://queensgatepottspoint.com.au/
This is an exceptionally rare opportunity to own an immaculate restaurant & bar that has spared no expense on its fit out and features. Fully approved and operational the property comes with existing small bar/restaurant uses and valuable PSA liquor licence with late trading capabilities. This bar provides a turn key opportunity for an astute investor or occupier to capitalise on all the space provides.
The property features include:
- Outdoor seating approval on Llankelly place a major pedestrian thoroughfare
- D.A. approval for restaurant or small bar use. PSA liquor licence
- Incredible fit out, turn key opportunity
- Internal & external seating approvals in place.
- 2 x fitted bars and service areas.
- Male & female amenities
- Commercial kitchen exhaust ducting
- Polished Concrete floor
- Grease arrestor
A comprehensive Information Memorandum & Sale Contract can be made available through the exclusive agents;
Property History for 38/127-139 Macleay St, Potts Point, NSW 2011
- 13 Jun 2024Sold for $827,463
- 10 Aug 2023Listed for Sale Contact Agent
- 13 Nov 2018Sold for $940,000
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About Potts Point 2011
The size of Potts Point is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.5% of total area. The population of Potts Point in 2011 was 6,861 people. By 2016 the population was 9,425 showing a population growth of 37.4% in the area during that time. The predominant age group in Potts Point is 20-29 years. Households in Potts Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Potts Point work in a professional occupation. In 2011, 35.1% of the homes in Potts Point were owner-occupied compared with 31.3% in 2016.
Potts Point has 7,286 properties. Over the last 5 years, Houses in Potts Point have seen a -8.18% decrease in median value, while Units have seen a 12.96% increase. As at 31 January 2025:
- The median value for Houses in Potts Point is $2,741,358 while the median value for Units is $1,039,122.
- Houses have a median rent of $650 while Units have a median rent of $670.
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