- Gross floor area is 1,174 square metres
- Located on the city fringe, and close some of Australia's most exclusive postcodes
- Sits directly beneath Kings Cross icon: Coca Cola sign
Located in Sydney’s back nine along Darlinghurst Road, 1,174 square metres are up for sale.
It isn’t any hole on the city fringe, it sits directly under one of the most iconic landmarks in Kings Cross: the Coca Cola sign.
Course overview
The 1,174 square metre site is situated at 82-94 Darlinghurst Road in Potts Point, a seven-iron away from the CBD, and a quick chip to Woolloomooloo, giving investors prime access to both business and pleasure.
It is also currently home to Holey Moley and the newly opened La Di Darts, the former being the phenomenon that has gone on to have its own reality television show and 32 venues across Australia, New Zealand and Singapore.
From the commentary box
It’s all to play for, with a substantial amount of space available, said Colliers’ Miron Solomons:
“Representing one of the largest single floorplates in the city fringe, this is an incredible opportunity within a unique precinct that is continuing its gentrification.”
“With the nearby Omnia development now complete as well as the launch of the sales campaign for Iris Capital’s Queensgate at the site of the former Bourbon, there has never been a better time to invest in the precinct,” added Mr Solomons.
Colliers’ Matt Pontey also noted that: “With a long-term lease established and the tenant, Funlab, having recently undertaken a substantial refurbishment and renovation of the premises, this will undoubtedly provide investors with comfort in the strength of the covenant and their long-term commitment to this iconic entertainment precinct.”
Stimp rating
While Darlinghurst Road might be a tad slow depending at peak hour, the site is only 50 metres from Kings Cross Train Station and has immediate access to William, offering an excellent and direct left break into the CBD with little resistance from the green.
The round is set to wrap up a month from now, with expressions of interest closing on 4 May 2022.
