198-200 Devonshire StreetSurry Hills NSW 2010
Property Details for 198-200 Devonshire St, Surry Hills
Last Listing description (October 2023)
Available for the first time in 45 years!
JLL Hotels & Hospitality Group is proud to exclusively present to market the freehold going concern interest in a true Sydney institution Shakespeare Hotel, Surry Hills.
Established in 1879, the Shakey is arguably the most recognisable pub in Sydney, presenting old world charm at every turn. With considerable opportunity available in every department within the hotel, the undeniable strength of attributes will entice any astute operator.
Key Investment Highlights:
- Currently run under management for long-term family owners
- Sale includes hotel licence with 10 valuable City of Sydney GMEs, offering ability to lease all 10 immediately without forfeiture (Band 2 SA2)
- 6 charming yet underutilised boutique accommodation rooms with scope for repositioning
- Popular public bar with TAB facilities and adjacent dining room for bistropatrons
- Exquisite first floor bar ideal for private functions and overflow from theground floor public bar
- Alternate use options available for those seeking to relocate the GME's and reposition the asset (STCA)
- Strategically positioned within walking distance of Central Station and Sydney's Entertainment Quarter including the newly constructed Allianz Stadium
- The Surry Hills Light Rail stop is located ~50m from the hotel allowing greater accessibility to the CBD, Inner West and South Eastern suburbs
Offered for sale via Expressions of Interest closing Tuesday 22nd August 2023 at 12pm midday (unless sold prior)
Property History for 198-200 Devonshire St, Surry Hills, NSW 2010
- 14 Jun 2024Sold for $3,530,000
- 24 Jul 2023Listed for Sale Contact Agent
- 30 Nov 1978Sold for $165,000
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About Surry Hills 2010
The size of Surry Hills is approximately 1.3 square kilometres. It has 17 parks covering nearly 9.2% of total area. The population of Surry Hills in 2011 was 15,342 people. By 2016 the population was 16,417 showing a population growth of 7.0% in the area during that time. The predominant age group in Surry Hills is 30-39 years. Households in Surry Hills are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surry Hills work in a professional occupation. In 2011, 34.9% of the homes in Surry Hills were owner-occupied compared with 32.3% in 2016.
Surry Hills has 13,548 properties. Over the last 5 years, Houses in Surry Hills have seen a 32.93% increase in median value, while Units have seen a 11.66% increase. As at 31 October 2024:
- The median value for Houses in Surry Hills is $2,287,029 while the median value for Units is $994,383.
- Houses have a median rent of $980 while Units have a median rent of $750.
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