Savills Australia and New Zealand has been exclusively appointed to offer for sale the recently opened The Clarence Hotel Sydney, a freehold boutique hospitality asset in the absolute heart of Sydney’s CBD.
This seven-storey over lower-ground floor asset represents a rare opportunity to acquire a compact, efficiently designed hotel in Sydney’s most tightly held and highest performing hotel precinct. The hotel is ideally located within walking distance to major city landmarks such as The International Convention Centre Sydney, Barangaroo, Darling Harbour, Pitt Street Mall, and Martin Place, with convenient access to QVB, Wynyard, Town Hall and the new Sydney Metro.
Strategically positioned at 193-195 Clarence Street, the freehold property has undergone a full-scale transformation before re-opening in December 2024 as a modern, upscale hotel featuring 50 stylishly appointed guest rooms, a fully equipped gymnasium, and significant restaurant and bar spaces which are in the process of being leased to third party tenants.
- Ground floor restaurant and bar: A 150sqm* space with an approved DA for a full-service restaurant and bar, offering the incoming purchaser the benefit of rental income and a lease to an established operator.
- Lower ground floor speakeasy-style bar: An 81sqm* lower ground floor space accessed via Kent Street, offering a unique opportunity (STCA) to develop a hidden bar concept in one of Sydney’s liveliest late-night destinations. This space is also in the process of being leased to an experienced operator.