238-240 Chalmers Street Redfern NSW 2016

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 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.