Mercer Property is delighted to present 501 Elizabeth Street, Surry Hills - a rare and outstanding opportunity for investors, developers, and owner-occupiers to secure a highly versatile asset in one of Sydney's most vibrant and evolving inner-city precincts. Situated in a premium position, this meticulously presented freehold property combines existing hospitality infrastructure with significant value-add potential. Just a short stroll from Central Station, the Light Rail, and the Metro, the property enjoys exceptional connectivity to the CBD and surrounding areas. Currently operating under approved usage for a small bar/restaurant, the premises spans approximately 190sqm across two levels and sits on a 114sqm landholding. The adaptable layout, turn-key fit-out, and strong underlying development potential (STCA) make this a compelling proposition for a wide range of end users. Key Features & Highlights: - MU1 Mixed-Use Zoning - FSR: 3.5:1 - Site Area: 114sqm | Internal Area: Approx. 190sqm - Existing liquor licence - Fully operational commercial kitchen, exhaust ducting & grease trap - Two fully fitted bars and service areas - Bathroom amenities on both levels - Excellent street exposure - Valuable rear-lane access - Potential for redevelopment or repositioning (STCA) Whether you're looking to invest in a strong-performing city-fringe asset, occupy a beautifully appointed venue, or explore boutique development upside, 501 Elizabeth Street offers a flexible opportunity in a blue-chip location. For a copy of the Information Memorandum and Contract of Sale, please contact our exclusive agents.
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