Sydney’s Iconic Central Railway Hotel – First Offering in over 30 Years

  • FOR SALE - $19,930,000
240 Chalmers Street, Redfern
  • Boarding house, Hotel, Motel
  • Property Type
  • 37
  • Bedrooms
  • 35
  • Bathrooms
  • 12
  • Garages
Commercial Sales
Sydney’s Iconic Central Railway Hotel – First Offering in over 30 Years
240 Chalmers Street, Redfern
  • FOR SALE - $19,930,000

Description

For the first time in over 30 years, the iconic Central Railway Hotel at 240 Chalmers Street is on offer for acquisition. This high-demand commercial asset currently operating as a budget motel, presenting a rare and lucrative opportunity for investors and operators.


Do not miss this exceptional opportunity to acquire a well-established, fully operational asset with strong growth potential in Sydney’s thriving city fringe.

High-Yield Asset: 37 rooms of which 35 are self-contained rooms with potential to operate as a going concern or vacant possession.

Secure Parking & Access: Undercover security parking for 12 vehicles, with valuable rear lane access via Castlereagh Lane.

Strategic Landholding: 677 sqm land parcel with a 22-metre frontage, Zoned R1 General Residential with a 12m height limit and FSR 1.25:1.

Income Security: Profit-share lease arrangement with the current tenant, expiring 31st March 2025.

Premium Construction & Design:

  • Five-level double-brick building (circa 1994).
  • Sunlit communal courtyard & entertainment area.
  • Communal laundry facilities for convenience.
  • 17 rooms with private balconies, enhancing guest appeal.

Strategically positioned within walking distance to Central Railway Station, this high-yield property benefits from strong rental demand, making it an ideal investment for hotel operators, developers, and commercial investors.

Unrivalled Market Potential: Positioned to capitalise on the growing demand for affordable lodging, making it ideal for investors, developers, and hotel operators.

Details

Updated on February 3, 2025 at 11:03 am
  • Property ID: DET-15653
  • Price: FOR SALE - $19,930,000
  • Land Area: 677 m²
  • Bedrooms: 37
  • Bathrooms: 35
  • Garages: 12
  • Property Type: Boarding house, Hotel, Motel
  • Property Status: Commercial Sales

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Dominic D’Ettorre
  • Dominic D’Ettorre