The 100-year-old former headquarters of The Colonial Textile Manufacturing Company Ltd, recently transformed into the hatted bar and restaurant called Comedor Restaurant, has been listed through Colliers.

The unique property has been completely refurbished over the last eight years, complete with an open kitchen, dining and amenities blending modern design with timeless charm, and was commended in the Best Restaurant Design category at the 2024 Eat Drink Design Awards.

Extended trial periods permit Thursday, Friday and Saturday 7:00am to 10:00pm trading hours.  Extensive acoustic treatment of the building allows further extension of trading hours (STCA) with application ready to lodge.

A Land & Environment Court approved change of use to F&B along with an opening directly servicing customers in Camperdown Memorial Park allows a second lucrative income stream, a never to be repeated feature in the Inner West.

Mexican restaurant Comedor opened in July 2024, a month later received one hat in the 2024 Good Food Australia Awards. The venue was on track to book $4,000,000 in annual revenue with future sales projected at $7,000,000.

The property will be sold ‘as is, where is.’

“Our client has a cost base in excess of $6,500,000 and is ready to sell.” Said James Cowan, Head of Investment Sales NSW at Colliers.

“We have seen a considerable uptick in enquiry this year as investors believe peak interest rates and peak inflation are behind us. Returns gained from bricks and mortar investments have prevailed over alternative investments in the past 5 years and investors value tangible assets in good locations; including this asset in Newtown. Said Jack McGregor, Executive at Colliers.

182-184 Australia Street, Newtown is for sale via an Public Auction on Tuesday 15 April 2025 at 5:00pm.