The property, at 84-86 Flinders Street, Darlinghurst, is positioned in arguably one of Australia’s most vibrant and dynamic pockets, with the city-fringe suburb known for its significant restoration and re-development with some of Sydney’s most vibrant laneways and eateries, small bars, cafes and boutique retail stores on its doorstep.
With a site area of 771sq m (net lettable area 929sq m), the property features 19 guest rooms housed in the detached structure with 18.5m frontage on Flinders Street and rear access from Flemings Lane, the hotel also features its own kitchen and atrium style dining area for guests, offering a blend of charm and functionality. Four car spaces are also offered with the property.
Nick Lower, National Director, Hotels at Savills Australia and New Zealand commented, "This property is a rare trophy asset offering multifaceted investment and development opportunities. Its prime position on the cusp of Sydney’s CBD, within the gentrified city fringe Darlinghurst postcode, provides a unique, high-exposure location with significant street frontage."
Selin Ince, Senior Executive, Hotels at Savills Australia and New Zealand added, "The property's proximity to Sydney’s Entertainment Quarter and esteemed educational institutions such as Notre Dame University and UNSW Art & Design enhances its appeal as an investment opportunity.”
The site's current zoning allows redevelopment into a myriad of uses, including a medical centre, hotel, office, residential, and student accommodation. Furthermore, proposed changes to planning rules by the City of Sydney aim to transform the area into a vibrant cultural and creative precinct, presenting even more opportunities for development and growth.