55-61 Riley StreetWoolloomooloo NSW 2011
Property Details for 55-61 Riley St, Woolloomooloo
Last Listing description (October 2023)
Behind its Art Deco facade, 55 Riley Street is undergoing a contemporary transformation turning the iconic address into a whole-building office block for lease on the city fringe.
Formerly home to the popular restaurant Riley Street Garage, the versatile space will soon be repurposed with concept plans by design studio The World is Round already in the pipeline.
Covering a 422sqm footprint the unique property will offer approximately 800sqm of internal floor area on the edge of Sydney's CBD with several must-have amenities nearby. In addition to parking at the Domain, staff can make the most of Cook + Phillip Park, Hyde Park, local hotels and bars. The location is also central to Kings Cross, Museum and St James train stations.
The owner's vision is to highlight existing heritage features of the landmark building's exterior and interiors while creating a modern multipurpose workspace over two levels. The result will be an ideal base for a company seeking a stand-alone office close to the CBD and Darlinghurst.
Built in the 1930s, the building features a striking brick facade, exposed internal brickwork, a pitched 6m ceiling with original steel beams, steel-framed windows and timber floorboards. Tenants ready to commit early have the opportunity to liaise with the owner on some design elements.
When completed by Q2 in 2023, the new look Riley St site could be offered to market with a turnkey fit-out featuring;
- 2 reception desks
- 80 work stations
- 2 meeting rooms
- An executive boardroom with space for 14 at the negotiating table
- Multiple staff break-out areas
- A separate communications room
- A large kitchen
- Male and female bathrooms
- 2 unisex bathrooms with shower facilities
- Bike racks
Note - proposed fitout can be redesigned by incoming tenant.
The building has dual access through the front of the building with DDA access and via Busby Lane to the rear.
Property History for 55-61 Riley St, Woolloomooloo, NSW 2011
- 23 Jan 2024Sold for $14,850,000
- 28 Nov 2022Listed for Rent - Price not available
- 24 Nov 2012Sold for $3,600,000
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0About Woolloomooloo 2011
The size of Woolloomooloo is approximately 0.4 square kilometres. It has 9 parks covering nearly 4.6% of total area. The population of Woolloomooloo in 2011 was 3,715 people. By 2016 the population was 4,042 showing a population growth of 8.8% in the area during that time. The predominant age group in Woolloomooloo is 20-29 years. Households in Woolloomooloo are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Woolloomooloo work in a professional occupation. In 2011, 25% of the homes in Woolloomooloo were owner-occupied compared with 25.9% in 2016.
Woolloomooloo has 4,190 properties. Over the last 5 years, Houses in Woolloomooloo have seen a 7.10% increase in median value, while Units have seen a 14.93% increase. As at 31 October 2024:
- The median value for Houses in Woolloomooloo is $2,364,067 while the median value for Units is $1,250,259.
- Houses have a median rent of $895 while Units have a median rent of $765.
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