Oxford Hotel, Darlinghurst premises up for sale

Oxford Hotel, Darlinghurst premises up for sale
Oxford Hotel, Darlinghurst premises up for sale

The iconic Oxford Hotel’s premises are up for sale providing a unique opportunity in Sydney’s Darlinghurst. However, it appears that the venue will still keep the same tenants.

The 134 Oxford Street located Oxford Hotel has a long-term anchor tenant providing 70% of the rental income stream.

The property listing, through JLL, notes that it includes a number of beneficial aspects, including an irreplaceable rooftop signboard approved in perpetuity “never to be repeated” and a rare 24-hour hotel licensed trading approval. It notes that it is “impossible to get approval for these anymore in Sydney”.

The Oxford Hotel spans four levels, including two bars, a cocktail lounge and a live performance area. Currently, the venue is managed by Pelathon Management Group.

It includes 21 gaming machine entitlements, owned by the lessor, which has an estimated value of approximately $2.5 million when combined with the hotel licence.

The corner location is on Taylor Square and provides future retail and commercial uses.

In 2007, the property was valued at $36 million and covers 1,050 square metres. In January 2015, the hotel is expected to undergo a $500,000 Capex refurbishment programme by the tenant.

It is up for auction on 21 October.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

Tags: 
Hotel Sydney

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