Image for The Sandringham Hotel Up For Auction

The Sandringham Hotel Up For Auction

Written by John Ritchie on November 2, 2011

Newtown live music venue The Sandringham Hotel, affectionately known as ‘The Sando’, has been listed for auction on realestateview.com.au by the owners.

The listing reads:

Attention all astute investors, developers/builders, the best of both worlds awaits!

*Definite Sale Required *Wide 12 metre frontage *200 metres form Newtown Railway Station *Prominent position in King St. *Excellent Rear Street Access *Land area 430sqm approx *Massive retail floor area *Building floor area approximately 750sqm *NETT RENT $182,500 pa *Under Marrickville Council ‘Domain’ *Draft Zoning ‘Local Centre’ *Flexible Zoning *Draft FSR; 1.5:1 *Draft Building Height Limit 14m (4/5 Storey) *Possible Redevelopment Site (S.T.C.A.) *Loads of Potential *Current use Sandringham Hotel

This is a rare chance to secure a fully leased retail property with real redevelopment potential in this tightly held retail/resdential precinct on vibrant and thriving King Street Newtown.

The Auction will be held on November 17th, the venue is currently rented out for $182,000 per year. Let’s hope the new owners keep the music ..

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