Sydney's Pocket Bar, Darlinghurst, up for auction

Sydney's Pocket Bar, Darlinghurst, up for auction
Sydney's Pocket Bar, Darlinghurst, up for auction

Sydney's Pocket Bar in Darlinghurst, a former garage, is up for auction 6 September through Tom Speakman and Harry Sullivan of Gunning Real Estate. 

The property, 13 Burton Street, Darlinghurst has been named as one of the Sydney’s Best Small Bars and is run by The Little Pocket Group, who have a total of six venues.

The gross rental for the 147sqm holding is $159,352 annually, exclusive of GST. A five year lease commenced in March, 2014 with options until 2024.

Tom Spearman, Gunning director of metropolitan sales and investments said the previous owners brought the entire floor and then carved it into strata shops and have sold them over time.

“When the idea of small bars was first put forward the opportunity to transform 13 Burton Street into a venue was quickly snapped up," he said.

"It has a stunning interior with exposed timber beams and sits below a four storey warehouse refurbished as a residential building. 

“Limited supply and strong stable income sees 13 Burton Street, Darlinghurst as an ideal property for a superannuation fund, as well as a general investment."

The property goes to auction Tuesday, 6 September, 2016 from 10:30am at auctionWORKS: Mezzanine Level, 50 Margaret Street, Sydney. 

 

Tags: 
Darlinghurst Retail Auction

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