Cushman & Wakefield present arguably the best entry level opportunity in Sydney’s tightly held city fringe, 239 Oxford Street, Darlinghurst.

Positioned in the heart of Oxford Street, this versatile freehold offers secure income today and genuine flexibility for investors, owner-occupiers and hospitality operators. Currently leased to Paski Vineria Popolare.

Located just metres from Taylor Square and moments from Sydney CBD, the property is surrounded by a growing mix of restaurants, bars, cafés and entertainment venues that are helping drive renewed momentum along Oxford Street. Ongoing investment from both operators and government continues to strengthen the precinct, creating a genuine buzz throughout one of Sydney's most vibrant city-fringe destinations.

Occupying a 92.8sqm* freehold position, the building comprises approximately 145sqm of gross building area* across two levels and benefits from an outstanding hospitality fit-out across both levels. Offering flexibility and diverse investment options, the building can continue to operate as a single tenancy or with multiple tenants separating upper and lower levels, 

Offering immediate income, a quality existing fit-out and multiple future pathways, 239 Oxford Street presents an opportunity to secure a turnkey freehold asset in a highly sought-after inner-city location. 

239 Oxford Street, Darlinghurst offers:

- Net passing income of $101,500 per annum plus GST*

- Occupied by established hospitality operator Paski Vineria Popolare

- Tenant pays 100% of outgoings

- 92.8m²* freehold site with 145m²* of gross building area

- Entry-level opportunity to acquire a whole-building Oxford Street freehold

- E1 Local Centre zoning with a 2.5:1 FSR and 12m height limit

- Ability to lease the building as a whole or separately by level^

- Scope to reposition and enhance the improvements over time^

- Depreciation and interest deductions available to geared investors. Independent taxation advice recommended

- Prominent Oxford Street position metres from Taylor Square, with Museum Station and frequent bus services nearby

- Direct beneficiary of the ongoing Oxford Street revitalisation and strengthening nightlife economy

With secure holding income, a quality hospitality fit-out and the flexibility to accommodate a range of future occupation and leasing outcomes, 239 Oxford Street will appeal to investors, owner-occupiers and hospitality operators alike. Opportunities to acquire a turnkey freehold this close to Sydney CBD, with the ability to occupy, invest or lease in multiple configurations, are rarely offered at this level. 

239 Oxford Street, Darlinghurst is offered for sale via Public Auction on Tuesday, 13 October 2026 at 5pm (AEDT) at Cooley Auction Rooms, Level 1, 29-33 Bay Street, Double Bay.

*Approximately ^Subject to Council Approval