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Welcome to Lot 97, 88 Dowling Street, Woolloomooloo This is a rare, ready to go hospitality opportunity in one of Sydney's most vibrant inner city harbourside precincts. Set within a 5-storey residential building with 96 residential apartments, some of which are managed as serviced apartments, and around 3,800 residents in the suburb, this offering gives any operator an immediate built in customer base.

Previously occupied by Nesuto Serviced Apartments, the premises historically traded for breakfast before the operator exited to focus on accommodation. This opens the door for an astute operator to capture demand from both short and long term residents and guests who pass through the building daily.

The property is offered as 3 spaces in one line:

Restaurant/bar of approximately 106.8 sqm, with generous open floor space and a front of house service kitchenette.

Fully equipped commercial kitchen of approximately 92 sqm, including combi ovens, cooktops/grills, dishwashers, and stainless-steel preparation benches ready for you to finetune and commence trading.

Storage room / office space of approximately 37.8 sqm located between the front restaurant/bar and the main kitchen, currently used as a dedicated storage area ideal for dry goods, equipment, or an office, and which could also be opened to connect to the main restaurant/bar to create additional trading or seating area.

Some features:
Private entrance exclusively for this tenancy, located directly beside the main lobby entry.

Dedicated amenities at the rear of the main kitchen, including staff lockers and showers, ideal for end of shift freshening up.

There is no parking included but potential to lease a car space.

Grease trap infrastructure in place and exclusively servicing this property.

Front customer area serviced by air conditioning for enhanced comfort.

Wide glass frontage to Dowling Street providing strong exposure and natural light

Woolloomooloo is renowned for its harbourfront Finger Wharf dining precinct, the nearby Art Gallery of New South Wales, and the Domain, all of which attract a strong mix of locals, office workers, and visitors year-round. Popular nearby food and beverage operators include acclaimed restaurants and bars along Cowper Wharf Roadway and the broader Potts Point/Woolloomooloo strip, such as China Doll, Otto Ristorante, Kingsleys Woolloomooloo, Manta and Alibi Bar & Dining, underpinning the area's reputation as a premier dining destination. Local green space is also a drawcard, with Woolloomooloo Playground and community court just along Dowling Street and the expansive Domain and Royal Botanic Garden a short walk away.

Opportunities of this scale and position are tightly held and highly sought after.

Annual Rental: $150,000 Including GST – OPEN TO OFFERS
Annual Outgoings: $24,873 Per Annum – 100% Strata, Council & Water

This opportunity will not last. Call Philipp Tsiprin for a private inspection on 0498 388 338.