empty gym equipment on floor
Source: Pixabay
  • The freehold is on the market, with a 100% long term lease currently in place.
  • Sold by Expressions of Interest closing 3 March 2021.
  • Famed for LGBT history and celebrity clientele.

Another iconic Sydney property is on the market, earlier in January the Botany View Hotel was listed for sale.

The landmark property has a rich history, an important part of Sydney’s LGBTQIA+ community.

Famed for seeing celebrities like Hugh Jackman, Dwayne “The Rock” Johnson, Arnold Schwarzenegger, and others go through its doors and make its praises, the gym was also a haven for the queer community during the 70’s and 80’s when homosexuality was still illegal in many Australian states.

The gym was known amongst many as “the gay gym”.

The iconic property is placed on 107-113 Crown Street in Darlinghurst, only a stone’s throw from Oxford Street and a few hundred metres east of Hyde Park.

Across a gross floor area of 1,827 square metres, it’s a rare freehold, with few other properties in the area offering the same amount of space.

The gym also recently underwent a $1.5M makeover, moving it away from what owner Billy Kokkinis told Broadsheet was a “cookie-cutter type establishment”.

To be sold by expressions of interest, the City Gym is being sold by a team including Miron Solomons and Matt Pontey from Colliers, and Daniel Gunning of Gunning RE.




You May Also Like

“Sydney setting the pace”: CBD office rents march higher

Cushman & Wakefield’s quarterly Office Marketbeat reveals 2.9% quarter-on-quarter uplift in Sydney

Canberra office market shows impressive resilience and growth

The market is underpinned by low vacancy, large developments in the pipeline and strong rental growth

Accenture and Lendlease to expand data insights platform

The platform which uses AI and virtual reality will be expanded to increase digital and in-store visits.

Demand for life science assets on the rise in Australia

Australians are getting older and this is contributing to the increase in demand for life science assets across Australia

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Thinking of borrowing for a new home? We decode the home loan lingo and explore ...

We take a look at everything from principal and interest to rates and more.

A window of opportunity could be open for savvy Australian property investors, but time is ...

One expert has noticed investors are on the move while there's less competition and fewer buyers in the marketplace.