Pyrmont's heritage-listed Terminus Hotel sold

The heritage-listed Terminus Hotel on the corner of Harris and John Streets, Pyrmont, has been sold by Auswin TWT for around $5 million.

The purchaser identity remains confidential. Justin Hemmes inspected but it seems decided, notwithstanding its exterior, it would not to be an addition to his ‘Ivy’ stable.

Zoned B4 Mixed Use, the hotel provides an opportunity for multiple bars, dining and accommodation options.

It was sold by Andrew Jolliffe of Ray White Hotels Australia and Steven Tsang and James Aroney of JLL Sales and Investments NSW.

Mr Jolliffe said the successful purchaser identified with the significant character of the property, and is understood to be considering a number of uses, including the reactivation of the licensed premises.

Mr Tsang said more than 60 private inspections were conducted with hoteliers, developers, owner-occupiers and community groups.

It was long owned the Wakil family.

Auswin TWT will still retain the 2,300 square metre carpark on the south-western side of the hotel where it plans to develop luxury terraces. Auswin TWT is also awaiting approval of a DA for a prestigious mixed-use development at nearby 495 Harris Street Ultimo which will contain 210 apartments and ground floor retail/commercial space. 

The Terminus Hotel is two storeys and sits on a 493 square metre site with a gross floor area of 543 square metres. 

Built in the early 1900’s Federation Style, the hotel was originally called The Cooper’s Arms Inn but took its current name in 1911 in reference to the tram service which terminated on Jones Street.

The hotel retains many original features including the red brick façade and the distinct parapet skyline detailing. Despite remaining uninhabited for the past three decades, the interiors maintain the charm of a bygone era with their metal ceilings and ornate floor and wall tiling.

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Commercial Sales Hotel Sale

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?