Staff reporterDecember 7, 2020
The heritage space leased to the Rockpool Dining Group on Sydney's Bridge Street is up for sale again, this time with expectations of about $11 million expected for its March 15 tender.
It was bought by the I-Fung family investment vehicle for $8.5 million in 2015.
It is back for sale through Knight Frank's Andy Hu and JLL's Steven Tsang and James Aroney.
The property was previously home to a Rockpool franchise called Eleven Bridge, it is now rebranded as a high-end Chinese restaurant Jade Temple.
The 490sq m property at Lot 2, 7-11 Bridge Street is in the historic Burns Philp & Co building. The heritage-listed building with soaring ceilings also has a basement, ground level, mezzanine level and three upper levels of commercial space.
The lease to Rockpool Dining Group is in place until July 2023, with 5 plus 5 options.
“The city’s current infrastructure upgrades surrounding the Burns Philp & Co. building is set to benefit from an unprecedented level of development in the Sydney CBD, including the new Light Rail, George Street pedestrianisation and the underground Sydney Metro Rail," Hu said.
