88 Audley Street, Petersham, NSW 2049 | Property Value & History | OnTheHouse
OFF MARKET

88 Audley Street
Petersham NSW 2049

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 180m2
Land area: 273m2
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Property Details for 88 Audley St, Petersham

Building Type
Commercial
Floor Size
180m2
Land Size
273m2
Local Government
Inner West
Lot/Plan
A/DP105955

Last Listing description (August 2019)

Phone enquiries - please quote property ID 20743
Greek restaurant situated in Sydney s inner west suburb of Petersham, being sold at cost price only. Established for over 6 years under the name of Seed and previously Perama Greek Restaurant , both well-known names.
The purchaser can either choose their own name or can take on the Seed Brand. The restaurant itself could also have any style of cuisine in this affluent suburb of Petersham. The most popular model is to covert to a wine bar which can easily be achieved. The location and ambience of the building would ensure success especially in an area fast growing with young professional people buying in the new nearby developments.

INCLUSIONS IN THE SALE:-
* Impressive commercial kitchen with near new equipment including:-
* 2 extractor systems (clean and effective)
* 1 x 4 filters and 1 x 3 filters and drains
* Good stainless storage shelves and work benches
* 4 stainless under counter refrigeration unit and work bench
* 6 burner gas cook top with storage beneath
* Flat grill plate
* 2 basket deep fryers,
* Stainless bain-marie within the service area
* 2 down heating lamps,
* Docket slide system
* 1 x 2 stainless sink plus wash arm
* Under counter dish washer
* Large walk-in cool room and shelving with entrance from 2 sides
* Small under counter domestic fridge
* Microwave, good quantity of pots, pans, baking dishes, trays and other cooking equipment etc.
* Tables, Chairs, Glassware and everything needed to continue as a restaurant / caf .
* Accessible Grease Trap
A full list of all inclusions is available.
Should the purchaser keep the Seed Brand, then there is a good website, Facebook and social media presence. Also has excellent google, TripAdvisor reviews. All included on a WIWO basis.

THE PREMISES:-
The premises consist of two levels approximately 180m in total. Upstairs is used for large group functions or parties and downstairs for general dining. Downstairs has both inside and outside seating (approximately 60-70 seats), a well- equipped bar area and the kitchen. It is all tastefully decorated with a Mediterranean theme.
The premises are leased with secure lease in place. Reasonable rent for this vibrant area. The restaurant is licensed with transferable licence.
Make no mistake, this restaurant is well known for its quality Greek cuisine and atmosphere. So take advantage of this great purchase well under cost or set up value. Carry on with the good name or change the restaurant to suit. The current family owners will be happy to pass onto the right buyer.
This won t last long on the market. All serious enquiries will be considered. Enquire today.

Property History for 88 Audley St, Petersham, NSW 2049

A timeline of how this property has performed in the market
Last Sold
$888,000
12 Feb 2010
  • 04 Aug 2019
    Listed for Sale Not Disclosed
  • 12 Feb 2010
    Sold for $888,000
  • 27 Nov 2007
    Listed for Sale $1,000,000
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About Petersham 2049

The size of Petersham is approximately 1.3 square kilometres. It has 6 parks covering nearly 5.5% of total area. The population of Petersham in 2016 was 8116 people. By 2021 the population was 8200 showing a population growth of 1.0% in the area during that time. The predominant age group in Petersham is 30-39 years. Households in Petersham are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Petersham work in a professional occupation.In 2021, 47.70% of the homes in Petersham were owner-occupied compared with 47.30% in 2016.

Petersham has 5,106 properties. Over the last 5 years, Houses in Petersham have seen a 42.69% increase in median value, while Units have seen a 31.20% increase. As at 31 January 2026:

  • The median value for Houses in Petersham is $2,271,595 while the median value for Units is $976,117.
  • Houses have a median rent of $848 while Units have a median rent of $650.
There are currently 14 properties listed for sale, and 21 properties listed for rent in Petersham on OnTheHouse. According to Cotality's data, 177 properties were sold in the past 12 months in Petersham.

Suburb Insights for Petersham 2049

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.