Savills News

The home of legendary BBQ King Restaurant hits the market

The home of legendary BBQ King is set to hit the market with price expectations of circa $25 million.

The home of legendary BBQ King, a dining institution for all foodies and locals in the Southern CBD precinct in Sydney, is set to hit the market with price expectations of circa $25 million.

Located at 76-78 Liverpool Street, Sydney, the unique six storey heritage building comprising basement, ground floor and four upper levels, offers 1,501sq m* of lettable area on a 350sq m* site and provides two retail and four office levels and was completed in 1906, providing a warehousing facility for businesses associated with nearby Darling Harbour Goods Yard and Wharves at the turn of the 20th century. It was later used by the NSW Government Printing Office. The building has undergone refurbishment in 1982, 1999 and 2010.

Exclusively for sale through Jordan Lee and Andy Hu of Savills Asia Markets, the building enjoys a high level of pedestrian activity at all hours of the night due to the presence of residents, visitors, workers, students and cinema, restaurant and bar patrons.

BBQ King first opened in Chinatown in 1983 but relocated to 76-78 Liverpool Street in 2016. The ground floor tenancy was designed and refurbished for the iconic restaurant and business has continued to go from strength to strength, all hours of the day, every day of the week.

The location is convenient to the Darling Harbour precinct that includes the restaurants and bars at Cockle Bay Wharf, Chinatown, Darling Quarters, ICC Sydney and Barangaroo. Public transport is readily accessible at Town Hall and Museum Stations as well as bus stops on George Street and the Sydney Light Rail.

Nearby landmarks include Sydney Town Hall and St. Andrews Cathedral, Fraser Suites and Lumiere residential tower, Events Cinema complex, Darling Harbour Live and World Square Shopping Centre to name a few.

According to Jordan Lee, Joint State Head, Asia Markets at Savills Australia, “The southern precinct is a lively sector of the Sydney CBD with its mix or retail, office, residential, entertainment, educational and hotel uses.

“BBQ King is a famous dining destination that all locals know and love and its location at 76-78 Liverpool Street is strategically positioned to benefit from the master planned Barangaroo and Darling Harbour Live projects.

“The beautiful Heritage façade catches your eye and you can even see the chefs cooking in the kitchen,” he said.

According to Andy Hu, Joint State Head, Asia Markets at Savills Australia, “We expect interest from a range of buyers, both locally and offshore, looking for a safe haven investment, and a successful and popular tenancy such as BBQ King is just the icing on the cake for a property such as this.”

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