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Investment Highlights

  • Mixed-use property incorporating retail units and student accommodation within the same structure.
  • Directly opposite Broadway Shopping Centre and nearby to specialty retail and services.
  • Access to multiple transportation options, including frequent bus services, Central Station, and nearby light rail stops.
  • Located on Broadway, a primary thoroughfare connecting Sydney CBD to the Inner West.
  • Positioned within walking distance of the University of Sydney and University of Technology Sydney.
  • Established urban setting featuring residential towers, commercial offices, and educational facilities.

Executive Summary

185 Broadway, located in Ultimo, NSW 2007, is part of a mixed-use development known as UniLodge on Broadway. The building was originally constructed around 1900 and serves as a combination of student accommodation and ground-floor retail premises. It is positioned along Broadway, a major arterial road connecting the Sydney Central Business District with the Inner West. The development includes multiple residential units above the commercial spaces, with shared amenities for occupants. The property is situated directly opposite the Broadway Shopping Centre and lies within close proximity to major educational institutions, including the University of Sydney and the University of Technology Sydney. Public transport connectivity is a key feature of this location, with numerous frequent bus routes along Broadway and Central Station located approximately one kilometer away. Light rail stops are also accessible within a short walking distance. The site benefits from continuous pedestrian traffic due to its placement in a high-density urban precinct consisting of residential apartments, student housing, and nearby office buildings.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit Shop 12
  • 699 SF
  • Retail
  • $288,680 ($412.99/SF)
  • -
Sale Type Investment
Description
Shop 12 at 185 Broadway, Ultimo, NSW 2007 is a ground-level retail premises located within UniLodge on Broadway, a mixed-use building with student accommodation above. The property measures approximately 65 square meters and is part of a retail arcade positioned directly across from Broadway Shopping Centre. The surrounding area includes major educational institutions such as the University of Technology Sydney and the University of Sydney, as well as commercial developments and residential buildings.

The building, originally constructed around 1900, is situated near the intersection of Parramatta Road and Bay Street, providing access to multiple public transportation options. Central Station and various bus routes are within walking distance. The immediate vicinity experiences significant pedestrian activity due to its proximity to student housing, retail hubs, and public transit connections.
Sale Notes
This retail investment opportunity is positioned within Sydney’s renowned university precinct, offering a secure foothold in a high-demand location that benefits from continuous pedestrian activity. Situated within a vibrant retail arcade directly opposite the bustling Broadway Shopping Centre, the property enjoys immediate visibility and a built-in customer base supported by a thriving mix of residential towers, commercial offices, and prominent education institutions.

Currently occupied by a long-standing Thai restaurant from 2015/2016, this asset presents buyers with an attractive income stream from day one, alongside the long-term capital appreciation potential in one of Sydney’s strongest-performing retail corridors. The immediate area caters to thousands of university students, local residents, and professionals, sustaining strong foot traffic and consistent consumer demand.

Strategically placed between Central Station and the University of Technology Sydney, the property is easily accessible via major public transport routes and arterial roads. Exceptional connectivity, combined with a location in Sydney’s education and cultural hub, underpins this asset’s enduring investment value. Perfectly suited for first-time commercial buyers or those seeking an affordable addition to their portfolio, this opportunity represents lasting security in an iconic urban setting.
Unit Unit Size Condo Use Price NOI
Unit Shop 12 699 SF Retail $288,680 ($412.99/SF) -

Unit Shop 12

Unit Size
699 SF
Condo Use
Retail
Price
$288,680 ($412.99/SF)
NOI
-

Unit Shop 12

Unit Size 699 SF
Condo Use Retail
Price $288,680 ($412.99/SF)
NOI -
Sale Type Investment
Description
Shop 12 at 185 Broadway, Ultimo, NSW 2007 is a ground-level retail premises located within UniLodge on Broadway, a mixed-use building with student accommodation above. The property measures approximately 65 square meters and is part of a retail arcade positioned directly across from Broadway Shopping Centre. The surrounding area includes major educational institutions such as the University of Technology Sydney and the University of Sydney, as well as commercial developments and residential buildings.<br> <br> The building, originally constructed around 1900, is situated near the intersection of Parramatta Road and Bay Street, providing access to multiple public transportation options. Central Station and various bus routes are within walking distance. The immediate vicinity experiences significant pedestrian activity due to its proximity to student housing, retail hubs, and public transit connections.</li></ul>
Sale Notes
This retail investment opportunity is positioned within Sydney’s renowned university precinct, offering a secure foothold in a high-demand location that benefits from continuous pedestrian activity. Situated within a vibrant retail arcade directly opposite the bustling Broadway Shopping Centre, the property enjoys immediate visibility and a built-in customer base supported by a thriving mix of residential towers, commercial offices, and prominent education institutions.<br> <br> Currently occupied by a long-standing Thai restaurant from 2015/2016, this asset presents buyers with an attractive income stream from day one, alongside the long-term capital appreciation potential in one of Sydney’s strongest-performing retail corridors. The immediate area caters to thousands of university students, local residents, and professionals, sustaining strong foot traffic and consistent consumer demand.<br> <br> Strategically placed between Central Station and the University of Technology Sydney, the property is easily accessible via major public transport routes and arterial roads. Exceptional connectivity, combined with a location in Sydney’s education and cultural hub, underpins this asset’s enduring investment value. Perfectly suited for first-time commercial buyers or those seeking an affordable addition to their portfolio, this opportunity represents lasting security in an iconic urban setting.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 404,023 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 6
Typical Floor Size 64,583 SF
Tenancy Single
Lot Size 1.61 AC

Amenities

Site Amenities

  • On-Site Retail
  • Listing ID: 40504409

  • Date on Market: 5/12/2026

  • Last Updated:

  • Address: 185-211 Broadway, Ultimo, NSW 2007

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