Rockpool Dining Bar & Grill and Spice Temple Sydney space for sale

Rockpool Dining Bar & Grill and Spice Temple Sydney space for sale
Rockpool Dining Bar & Grill and Spice Temple Sydney space for sale

The Sydney CBD premises of Rockpool Dining Bar & Grill and Spice Temple has been listed for sale.

The two dining institutions have called the 66 Hunter Street space home since taking up a lease in 2009.

They took a 10 + 10 year lease in 2016, paying over $2 million per annum.

It comes with a fixed annual rental increases of four percent.

Offered for sale either separately or together, the 2,000 sqm space sits on the ground floor of the historic 1936 City Mutual Life Trust Building, regarded as one of the finest Art Deco buildings in Australia.

A new underground metro station is being built across the road.

BluePrint Property North Parramatta agents Manuel Pavia and Anthony Malek have listing. There are reports $40 million is being sought.

In 2016 the property was offered by US based investor, David Doyle who was Perry's business partner with $30 million achieved when it was bought by the Spanish-based Allegra European Holdings.

Meanwhile the Good Food website report the expected sale of Rockpool Dining Group has been temporarily sidelined, with the group set to embark on international expansion.

Earlier this year RDG assessed strategic options for what is now the country's largest restaurant group.

One of those options was the sale of the group, which is currently owned by Quadrant Private Equity.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Sydney Cbd Dining

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