Iconic Paddington Building with Residential Reinvention Potential

Details

I.B Property in conjunction with The Agency are pleased to present 47 Windsor Street, Paddington. An iconic Paddington building that offers residential reinvention potential on a sun-soaked north-eastern corner block, boasting 195sqm* of land and 280sqm* of net lettable area. Leased to Civico 47 Italian restaurant under a triple net lease for 3 years with 4% annual increases and strong security, the property features a three-street frontage terrace with an expansive shop front. Zoned R2 residential, it presents options for investment, future owner-occupancy, or conversion to a grand residential home, with potential for parking incorporation subject to council approval.

Completely refurbished to a high standard while maintaining an exquisite façade, the property is surrounded by local cafes, restaurants, and boutique shopping, situated on one of Paddington’s premier streets. Formerly Lucio’s restaurant, now Civico 47, it stands among Paddington’s esteemed establishments like Fred’s, Barbetta, and Alimentari – don’t miss out on this rare opportunity to own a piece of Sydney’s culinary history!

Key Highlights:
· 195sqm* of land area and 280sqm* of net lettable area
· Leased to Civico 47 Italian restaurant on a triple net lease for 3 years with 4% annual increases and strong security
· Located on a sun-soaked, north-eastern corner block
· Zoned R2 residential
· Options to hold as an investment, future owner-occupy, or convert to a grand residential home
· Completely refurbished to a high standard, maintaining an exquisite façade
· Potential to incorporate parking (subject to council approval)

For more information or to organise an appointment, please contact the exclusive agents:

I.B Property:
Steffan Ippolito 0403 347 111
Dimitrios Franze 0406 558 855

The Agency:
Ben Collier 0414 646 476
Peter Perry 0437 661 193