Sydney, NSW
Veriu Central Hotel
Just steps from Sydney’s Central Station, Veriu Central Hotel enjoys a coveted corner position at Wentworth Avenue and Elizabeth Street. Its location connects guests seamlessly to the CBD, Surry Hills dining precinct, ICC Sydney, and Chinatown
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Introduction
Housed within a stunning heritage façade, Veriu Central has been thoughtfully refurbished to deliver a modern lifestyle hotel experience. Featuring 112 boutique rooms and four complementary retail tenancies, the property combines historic character with contemporary style. Guests enjoy newly renovated rooms, an upgraded lobby, and an inviting central bar, while the hotel’s proximity to Sydney’s vibrant dining, entertainment, and cultural hubs ensures enduring demand. With strong lease security and future development potential, Veriu Central represents a rare opportunity to secure a freehold CBD hotel asset
Sydney NSW
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Investment Highlights
SYDNEY HOTEL MARKET STRENGTH
Sydney remains Australia’s strongest hotel investment market. Major infrastructure projects — including Light Rail (2020), Sydney Metro (2024), and Barangaroo precinct — further underpin long-term growth and global investor appeal.
PREMIER SYDNEY CBD LOCATION
Commanding a corner position on Wentworth Avenue & Elizabeth Street, the hotel benefits from proximity to Central Station, ICC Sydney, Chinatown, Hyde Park, and Surry Hills dining precinct. Its location captures a wide demand base spanning corporate, leisure, and conference travellers, ensuring resilient occupancy.
DEVELOPMENT UPSIDE
With an FSR of 14:1 and height limit of 60m, significant uplift potential exists. Current schemes indicate the ability to add 42–93 rooms, with further options up to 205 rooms (STCA). Council has shown support for additional hotel development, offering considerable long-term value creation.
SYDNEY HOTEL MARKET STRENGTH
Sydney remains Australia’s strongest hotel investment market. Major infrastructure projects — including Light Rail (2020), Sydney Metro (2024), and Barangaroo precinct — further underpin long-term growth and global investor appeal.
Blending heritage charm with modern hospitality, Veriu Central delivers stable income, prime positioning, and development upside in the heart of Sydney’s tightly held hotel market
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Executive Summary
OFFERING
Veriu Central Hotel & Associated Tenancies
ADDRESS
75 Wentworth Avenue, Sydney NSW 2000 (corner of Wentworth Ave, Elizabeth Street, and Foy Lane)
ACCOMMODATION
112 hotel rooms,
including: 16 Standard Double, 36 Queen, 48 King/Split, 3 Accessible, 6 Family, 3 Triple
PLANNING PARAMETERS
Zoning: B8 Metropolitan Centre
Floor Space Ratio: 14:1 (current 3.55:1 utilised)
Height Limit: 60m (current ~15m)
Heritage Listed (Wentworth House, c.1912–1924)
RECENT RENOVATIONS
Full bathroom and room refurbishments
New furniture, carpets, and windows
Refurbished lobby with modern arrival experience
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Gallery
Get in Touch
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