50/2 Phillip StreetSydney NSW 2000
Property Details for 50/2 Phillip St, Sydney
Last Listing description (May 2016)
Located in the Circular Quay precinct, one of Australia's premier harbour-side tourist destinations, this property is only moments to Sydney's Opera House, The Rocks and all amenities. The offering is within the renowned Quay building which features a stunning 315sqm* restaurant/bar fit-out, leased to Cafe Nice by Fratelli Fresh. Fratelli Fresh is both popular and well known amongst Sydneysider's for their fresh produce and innovative cooking. Having been in the hospitality business for over 20 years Fratelli Fresh has built a strong portfolio of food establishments, namely Cafe Sopra, and as such is both a sought after and secure tenant. The building boasts Sydney Harbour and Harbour Bridge views and includes parking. The property is offered with 7 years remaining on the initial lease term plus two 5 year options. The property is currently producing a net income of approximately $315,000 per annum*. This is a rare opportunity to acquire a tightly held harbour-side property with the security of one of Sydney's best hospitality tenants.
- Iconic Sydney harbour location
- Leased to established Cafe Nice by Fratelli Fresh
- Net income $315,000 per annum*
- 315sqm* + car space
- Valuable liquor license
- Stunning fit-out with Sydney Harbour views
*Approx
AUCTION VENUE: 25th June 2015, 10:30am, SMH Auction Centre, Mezzanine Level, 50 Margaret Street, Sydney.
Property History for 50/2 Phillip St, Sydney, NSW 2000
- 25 Jun 2015Sold for $5,920,000
- 29 May 2015Listed for Sale AUCTION
- 05 Apr 2013Sold for $4,000,000
Recent sales nearby
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About Sydney 2000
The size of Sydney is approximately 3.0 square kilometres. It has 16 parks covering nearly 33.5% of total area. The population of Sydney in 2016 was 17252 people. By 2021 the population was 16667 showing a population decline of 3.4% in the area during that time. The predominant age group in Sydney is 20-29 years. Households in Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sydney work in a professional occupation.In 2021, 24.20% of the homes in Sydney were owner-occupied compared with 29.10% in 2016.
Sydney has 24,333 properties. Over the last 5 years, Houses in Sydney have seen a -25.68% decrease in median value, while Units have seen a -0.11% decrease. As at 31 December 2025:
- The median value for Houses in Sydney is $1,439,062 while the median value for Units is $1,077,930.
- Houses have a median rent of $850 while Units have a median rent of $1,000.
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