BBQ King investment set to sizzle

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THE six-storey heritage building home to southern Sydney CBD dining institution BBQ King has hit the market, with the Chau family expecting a tasty $25 million.

Located at 76-78 Liverpool Street, Sydney, the building comprises basement, ground floor and four upper levels with 1,501 sqm of lettable area on a 350 sqm site.

Completed in 1906, it was used as a warehousing facility for businesses associated with nearby Darling Harbour Goods Yard and Wharves at the turn of the 20th century, and later used by the NSW Government Printing Office.

Refurbishments have been undertaken in 1982, 1999 and 2010.

Marketing agents Jordan Lee and Andy Hu of Savills said the building enjoys a high level of pedestrian activity at all hours of the night due to the presence of residents, visitors, workers, students and cinema, restaurant and bar patrons.

BBQ King first opened in Chinatown in 1983, but relocated to 76-78 Liverpool Street in 2016. The ground floor tenancy was designed and refurbished for the restaurant.

“The southern precinct is a lively sector of the Sydney CBD with its mix or retail, office, residential, entertainment, educational and hotel uses,” Lee said, adding that the building is strategically positioned to benefit from the master planned Barangaroo and Darling Harbour Live projects.

“The beautiful heritage façade catches your eye and you can even see the chefs cooking in the kitchen” he said.

Hu said interest is expected from a range of local and offshore buyers looking for a safe haven investment, and that a “successful and popular tenancy such as BBQ King is just the icing on the cake for a property such as this.”

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