187-189 William Street, Darlinghurst

Project Description

An opportunity to acquire a three story freehold mixed use building in Sydney’s most tightly held city fringe precinct.

Positioned on William Street, a famous and flamboyant strip in the densely populated suburb of Darlinghurst. The area is home to some of Sydney’s most wealthy and influential residents and best known restaurateurs and hoteliers.

Over recent years the area has been transformed into a major residential and commercial precinct. Darlinghurst now offers a unique mix of boutique eateries and specialty stores.
The strip has always been attractive to interstate and international guests with local hotels running 90% occupancy rates and residential apartment vacancy below 2%.

• High foot traffic location
• Tightly held city fringe precinct
• Development potential (STCA)
• Walking distance to the CBD
• Sydney CBD and harbour views from the upper levels
• Duel street access, parking.
• Not listed as a heritage significant item
• Invest, occupy, develop opportunity (STCA)

Key Investment Considerations:

Growth Location
The asset is located on William Street, Darlinghurst and benefits from major exposure to surrounding areas including Potts Point and Paddington, all of which have characteristics including higher than average wealth, population density and income.
Already amongst the most densely populated suburbs in Australia the area is tipped to continue its growth.

Flexible Zone & Configuration
Mixed use zoning allows for the purchaser huge flexibility for incoming tenancies and the duel entrance configuration allows the option to create multiple tenancies (STCA).

Property Snapshot