After reports last month that the buildings that currently house the Arq Nightclub and Bodyline Sauna in Darlinghurst were briefly listed on the market before being withdrawn, sales appear to be back on track .

The owner Shadd Daniel Danesi, who was previously listed by VIN Commercial, has now changed the listing agent. The buildings at 4-24 Flinders Street, 2 Sturt Street & 4-10 Taylor Street Darlinghurst have been re-listed for sale through an expression of interest from Savills Australia in partnership with CBRE.

googletag.cmd.push (function () {googletag.display (‘div-gpt-ad-1391136631100-0’);});

With a total area of ​​approx. 1,230 m², the sale should be vacant or fully let. Realcommercial.com.au quoted industry experts as saying the site would sell for around $ 45 million to $ 50 million.

“These properties, which are on sale for the first time in 30 years, offer a rare one Opportunity to secure significant property with numerous condominiums in a prime and well-known location on one of Sydney’s most famous thoroughfares. This is the ultimate acquisition in any portfolio, ”said Nick Lower, State Director, NSW & VIC Hotels at Savills Australia in a written statement posted on the company’s website.

googletag.cmd.push (function () {googletag.display (‘div-gpt-ad-1387873487745-0’);});

As Star Observer reported last month, ARQ employees were laid off during the Sydney lockdown in 2020. Earlier this year, renovators were hired to begin “cosmetic renovations” by ARQ – these plans were put on hold at the start of the recent Sydney lockdown.

The site is designated a B2 Local Center under the 2012 Sydney Local Environmental Plan . It has a maximum building height of 15m-18m at each location. However, given the new Oxford Street LEP and the City’s current preferred higher density settlements of Sydney, the fate of these buildings will likely lead to their being developed and the legacy of one of Australia’s longest running gay clubs in jeopardy.

Harry George Associate Director – Capital Markets at CBRE said: “The City of Sydney is conducting a strategic review of the planning controls governing the local area with the aim of future proofing the area as a vibrant cultural and creative district.

“The proposed changes to the planning rules will allow taller buildings along Oxford Street to turn the tired strip into a vast cultural and creative district.

George added that” ARQ is an extremely rare opportunity for one Incoming buyer represents a property in one of the prettiest inner-city suburbs of Europe n Sydney. ”

© Sternbeobachter 2021 | For the latest news on Lesbian, Gay, Bisexual, Transgender, Queer and Intersex (LGBTIQ) Australia, visit starobserver.com.au daily. Also read our latest magazines or visit us on our Facebook page and our Twitter feed.

Similar title :
The queer nightclub ARQ sells for around 50 million US dollars, AKA for the same price as a damn ton of poppers
Sydney Gay Venue ARQ Nightclub is for sale
Sydney& # 39; s Iconic Nightclub Arq Up For Sale
Sydney Gay Nightclub ARQ officially open the market, with a tip of $ 50 million

Ref: https://www.starobserver.com.au