Auction
+ 3

87 Macleay Street, Potts Point

AUCTION

464 m2

Auction details

Auction

Tuesday 9 December, 10:30 AM

POTTS POINT HOSTEL WITH DEVELOPMENT UPSIDE

Metro Commercial & Colliers are pleased to offer 87 Macleay Street to the market for sale by way of Public Auction on Tuesday, 9 December 2025 at 10:30am.

Commanding a prime position on Macleay Street, this substantial freehold property offers income, repositioning potential and development upside. With flexible zoning and scope for future redevelopment (STCA), this is a strategic acquisition in one of Sydney’s most tightly held and culturally rich precincts. Properties of this calibre, with deep family ownership spanning over 40 years, are seldom offered to market.

Key investment highlights include:

  • Substantial 464m² site with generous 12m x 38m dimensions
  • 490m² building comprising three retail tenancies and a 58-bed backpacker hostel
  • MU1 Mixed Use zoning
  • Robust 2.5:1 FSR and 22m height limit
  • Fully leased to 3 x shops and a backpacker hostel
  • Returns $390,000 + GST per annum gross
  • Versatile development pathways including hotel, co-living, or mixed-use residential (STCA) supported by strong demand fundamentals
  • There is scope to exceed current planning controls (STCA), supported by precedents set by neighbouring developments and recent HDA / SSD applications within the immediate vicinity
  • Situated in the vibrant and evolving Potts Point precinct known as a high-demand inner-city suburb experiencing strong gentrification and lifestyle-driven growth

In conjunction with Colliers
James Cowan 0425 337 691

Details

Address 87 Macleay Street, Potts Point
Price AUCTION
Property Type Commercial
Property ID 2398
Category Hotel/Leisure, Retail
Land Area 464 m2

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Jerry Leis

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