356 South Dowling StreetPaddington NSW 2021
Property Details for 356 South Dowling St, Paddington
Last Listing description (August 2025)
Prominently located on South Dowling Street this substantial three-storey landmark building has been occupied by local favourite, Organic Bread Bar, for 10+ years.
Behind the character faade presents approximately 320sqm of office accommodation with the top floor currently being used as an oversized 2 bedroom, 2 bathroom apartment.
Both floors enjoy entertainer's style balconies with sprawling views towards the CBD.
The building presents as an exceptional passive investment with a potential passing income of $380,000 per annum.
Further opportunities exist to capitalise on the superior location with an additional floor and rooftop terrace (STCA).
- Iconic Paddington Freehold situated on approximately 161sqm of land
- Low maintenance, passive investment ideal for self-managed superfunds
- Potential development upside to increase revenue streams (STCA)
- Large, open-plan floor plates with soaring ceilings and M/F bathroom amenities on each floor
- Ducted air conditioning, back to base security systems and double-glazing throughout
TRG Commercial is pleased to present 356 South Dowling Street for sale via private treaty.
Property History for 356 South Dowling St, Paddington, NSW 2021
- 27 May 2025Listed for Sale Price on Application
- 20 Feb 2023Listed for Sale Price on Application
- 12 Apr 2018Listed for Rent $50,000 / year
Recent sales nearby
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0About Paddington 2021
The size of Paddington is approximately 1.6 square kilometres. There are 28 parks, covering nearly 12.1% of the total area. The population of Paddington in 2016 was 12911 people. By 2021 the population was 12701 showing a population decline of 1.6% in the area during that time. The predominant age group in Paddington is 30-39 years. Households in Paddington are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation.In 2021, 52.60% of the homes in Paddington were owner-occupied compared with 51.50% in 2016.
Paddington has 7,694 properties. Over the last 5 years, Houses in Paddington have seen a 9.40% increase in median value, while Units have seen a -4.91% decrease. As at 30 June 2026:
- The median value for Houses in Paddington is $3,591,215 while the median value for Units is $1,118,441.
- Houses have a median rent of $1,485 while Units have a median rent of $725.
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