Property Details for 75 Wentworth Ave, Sydney
Last Listing description (October 2019)
Colliers International has been exclusively appointed to market for sale Veriu Central Hotel, Sydney located at 75 Wentworth Avenue, Sydney.
Rarely does the opportunity arise to secure a freehold Sydney CBD hotel. Located on the corner of Wentworth Avenue and Elizabeth Street, the Propertys enviable position ensures it captures a broad variety of demand through its proximity to major commercial towers, the International Convention Centre (ICC), Chinatown, as well as the vibrant dining, entertainment and creative precinct of Surry Hills.
The hotel is being offered for sale on a leased basis. There are also four other retail shops housed within the building that are currently being leased.
Finally, the current owner has explored a number of schemes to add additional floor space to the hotel, noting the current footprint sits well below the permissible planning guidelines in relation to floor space ratios and building heights. This creates development upside to the building that an incoming owner can capitalise upon.
Please contact one of our agents for further information.
Property History for 75 Wentworth Ave, Sydney, NSW 2000
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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 24,334 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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