Savills list BBQ King Sydney building for around $25 million

The Sydney CBD home of the BBQ King Restaurant has been listed for sale with price expectations of around $25 million.

The six storey heritage building at 76-78 Liverpool Street at the southern end of the CBD has undergone a full scale renovation since last trading for $6.3 million in 2010.

It followed updates in 1982 and 1999 to the building that dates back to 1906.

Some time in 1911 the building became occupied by the Government Printing Office.

Their occupation of the building was brief and machinery merchants Benson Bros Ltd and steel merchants Sanderson Bros & Newbould Ltd.

It was used as a warehousing facility for businesses associated with nearby Darling Harbour Goods Yard and Wharves.

Now it comprises a basement, ground floor and four upper levels with 1,500 sqm of lettable area on its 350 sqm site.

It is split in to two retail spaces and four office levels.

The ground floor tenancy was designed and refurbished for BBQ King before they took the space three years ago.

BBQ King relocated to the Liverpool Street property in 2016, having first opened in Chinatown in 1983.

Savills Australia agents Jordan Lee and Andy Hu are marketing the property.

Jordan Lee says the southern precinct is a lively sector of the Sydney CBD with its mix or retail, office, residential, entertainment, educational and hotel uses.

“BBQ King is a famous dining destination that all locals know and love and its location at 76-78 Liverpool Street is strategically positioned to benefit from the master planned Barangaroo and Darling Harbour Live projects.

“The beautiful Heritage façade catches your eye and you can even see the chefs cooking in the kitchen” he said.

Hu said they expect interest from a range of buyers, both locally and offshore, looking for a safe haven investment.

He said the a popular tenancy such as BBQ King is "just the icing on the cake for a property such as this.”