Balmains Exchange Hotel up for sale
Built in 1885, the heritage listed establishment is comprised of the Beattie Bar, Bistro, Balcony bar and new cafe and bar ‘Oliver's Corner’, as well as numerous function rooms and new restaurants.
Located at 94 Beattie Street, six kilometres west of the Sydney CBD, the freehold property sits on a 640sqm site on the corner of Beattie and Mullen Street and offers approximately 1,076sqm of Net Leasable Area.
For sale through Miron Solomons and Vince Kernahan of Colliers International, the property has the potential to unlock multiple income streams and development upside, with an opportunity for a mixed use conversion (subject to council approval).
“Freeholds in Sydney’s tightly inner west and peninsular suburbs are in huge demand from creative HQ/uses looking to strategically positioning themselves outside the CBD. The government’s compulsory acquisitions of assets in the CBD has also compounded pressure on demand and supply,” Solomons said.
The freehold interest for sale through Colliers International via an Expressions of Interest campaign closing date 11 August 2016.