Property Details for 153 Broadway, Ultimo
Last Listing description (January 2025)
Business Sale: Chinese Restaurant in Ultimo
This Chinese restaurant is located on Ultimo, with a shop area of 100 square meters and a monthly rent of AUD 10,000 (including GST and other outgoings). The remaining lease term is 3.5 years, with an additional 5-year renewal option, providing stable operational security for the new owner. The restaurant is in a prime location near Sydneyrsquo;s CBD, surrounded by several universities, office buildings, and residential areas, ensuring a steady and strong flow of foot traffic. Public transport is highly convenient, with buses stopping at the door and Central Station just a few minutes' walk away, making it easy for customers to visit.
The restaurant features an elegant, modern interior design with a comfortable dining area that can accommodate 65 to 70 guests, with a maximum seating capacity of 78. It is ideal for gatherings and social events. The restaurant is also equipped with a fully functional kitchen, supporting efficient operations and ensuring customers receive high-quality dining service.
Currently, the restaurant employs 5 staff members, including 4 experienced chefs and 1 front desk service staff. The team structure is stable, and the staff are proactive and passionate about customer service, ensuring smooth daily operations and providing a warm and pleasant dining experience for customers.
As the demand for Chinese cuisine continues to grow in Sydneyrsquo;s city area, this restaurant, with its excellent location and strong reputation, holds significant market potential. The new owner can further expand the existing customer base to increase revenue.
This is a rare opportunity, particularly suited for anyone looking to expand their Chinese restaurant business in one of Sydneyrsquo;s bustling areas. If you are interested, please feel free to contact us for more information or to arrange a viewing.
Property Reference Number#65306;Busi#126
Property History for 153 Broadway, Ultimo, NSW 2007
- 09 Oct 2024Listed for Sale Contact Agent
- 17 May 2021Listed for Rent - Price not available
Recent sales nearby
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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 6,558 properties. Over the last 5 years, Houses in Ultimo have seen a 10.70% increase in median value, while Units have seen a -5.81% decrease. As at 30 November 2025:
- The median value for Houses in Ultimo is $1,668,761 while the median value for Units is $706,429.
- Houses have a median rent of $900 while Units have a median rent of $750.
Suburb Insights for Ultimo 2007
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