424-426 Harris Street, Ultimo, NSW 2007 | Commercial for sale | OnTheHouse
 
FOR SALE
EXPRESSIONS OF INTEREST

424-426 Harris Street
Ultimo NSW 2007

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 830m2
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Versatile Corner Asset with Commercial, Hospitality & Educational Potential

Ray White Commercial (SC) is pleased to present to the market 424 - 426 Harris Street, Ultimo. Commanding a high-profile corner position in one of Sydney's most densely populated city fringe locations, this opportunity will be offered for sale via Expression of Interest.
Formerly the Bristol Arms Hotel, constructed in c.1875, this unique asset has housed a range of commercial tenants since. The subject property features valuable 9B education approval, an existing liquor licence, and three secure car spaces. Combining historic character with the flexibility of vacant possession and an outdoor terrace, this adaptable freehold asset offers an exciting opportunity for a corporate headquarters, hospitality venue or educational provider.
Situated in the high density city fringe precinct of Ultimo with over 10,000 residents and 217 apartments adjoining the subject property. The immediate area serves as a major commercial, hospitality and educational hub currently undergoing significant regeneration. Massive capital injections including the $500m+ Powerhouse Museum renewal, and the $2B Harbourside redevelopment all within walking distance. When combined with the overarching Ultimo-Pyrmont Peninsula Strategy, a state-led 20 year vision committing to ongoing density and infrastructure improvements, this investment landscape offers a strong catalyst for driving long term capital appreciation for neighbouring freehold assets.
Additional highlights of the asset include:
• Building Area: 830 square metres*
• Large basement boasting cool room, ample storage space and staff changerooms
• Secure three dedicated on-site car spaces
• Private lift access servicing the Ground Floor, Levels 1 and 2
• Functional Layout: Well-positioned reception and office suites across Levels 1 and 2
• Two courtyards located on the Ground Floor and Level 1
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Property Details for 424-426 Harris St, Ultimo

Building Type
Commercial
Floor Size
830m2
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About Ultimo 2007

The size of Ultimo is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.1% of total area. The population of Ultimo in 2016 was 8845 people. By 2021 the population was 7410 showing a population decline of 16.2% in the area during that time. The predominant age group in Ultimo is 20-29 years. Households in Ultimo are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation.In 2021, 24.60% of the homes in Ultimo were owner-occupied compared with 25.00% in 2016.

Ultimo has 6,540 properties. Over the last 5 years, Houses in Ultimo have seen a 15.61% increase in median value, while Units have seen a 20.90% increase. As at 31 January 2026:

  • The median value for Houses in Ultimo is $1,690,444 while the median value for Units is $924,540.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 42 properties listed for sale, and 47 properties listed for rent in Ultimo on OnTheHouse. According to Cotality's data, 225 properties were sold in the past 12 months in Ultimo.

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Robert O’ Farrell
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