356 South Dowling St 5,167 SF 100% Leased Office Building Paddington, NSW 2021 For Sale

356 South Dowling Street represents a rare opportunity to acquire a prominent three-level freehold asset in one of Sydney’s most desirable inner-city locations. Positioned along the highly visible South Dowling Street corridor, this landmark property combines strong income security with significant future development potential.
The building is anchored by the long-standing Organic Bread Bar, a local institution that has occupied the ground floor for over a decade, ensuring a stable and reliable income stream. Above the retail component, approximately 320sqm of office accommodation provides flexible workspaces, while the top floor features an expansive two-bedroom, two-bathroom apartment with entertainer-style balconies.
With a potential passing income of $380,000 per annum, the property offers immediate investment appeal. Additionally, the site presents a compelling value-add opportunity through the potential to add an extra floor and rooftop terrace, subject to council approval. This combination of secure income, mixed-use versatility, and development upside makes 356 South Dowling Street an exceptional trophy asset for investors seeking long-term growth in a tightly held market.