The former Duke of Wellington in Waterloo is being sold as a strata commercial property, with option to reinstate the pub or find alternate use.
Billed as a rare opportunity in the heart of a vibrant and rapidly evolving suburb in Sydney’s inner south, it is a premium, high exposure corner freehold with flexible MU1 Mixed Use zoning.
The site is close to the new Waterloo Metro Station, expected to open to passengers this year.
It features an open plan layout and expansive and versatile basement level, and direct access to George Street.
A hotel has stood on the site since circa 1856, in a nod to the former British Prime Minister and hero Arthur Wellesley, aka the ‘Iron Duke’ of Wellington, who died in 1852. Many public places and particularly pubs were subsequently named after him.
Tooth and Co leased the pub from 1888 to 1918, before buying the land and going on to construct the current building in 1929, in the Interwar Free Classical style.
In 2015 the property was redeveloped to have apartments above, beside and to the rear of the hotel, which is now part of a commercial strata, holding approximately 145sqm.
Although it has not operated as a pub in years, it retains a full hotel licence.
Sale of the property is being conducted by Manenti Quinlan’s Leonard Bongiovanni and Tom Cullen, with price expectation around $1 million.
“This property is ideal for investors or owner-occupiers who are looking for a quality commercial space in a prime location with great potential for growth and development,” notes Bongiovanni.
The vacant freehold is being sold via Expressions of Interest, closing Thursday, 11 April.
