354 Oxford St 6,211 SF Retail Building Paddington, NSW 2021 For Sale

This premium freehold retail investment offers a rare opportunity to acquire a blue-chip asset in one of Sydney’s most tightly held and consistently high-performing retail and hospitality precincts. Located along the vibrant Oxford Street retail strip, the property benefits from exceptional exposure and strong pedestrian traffic, positioned directly opposite the iconic Paddington Markets and just steps from Merivale’s renowned hospitality venues including Fred’s, The Paddington, and Charlie Parker’s.
The asset is underpinned by a brand-new 7-year triple net lease to Petbarn Pty Ltd, Australia’s leading pet care retailer with over 240 stores across Australia and New Zealand. The lease commenced on 1 November 2025 and includes two additional 5-year options, extending potential tenure to 2042. Investors will benefit from a secure corporate lease structure, full recovery of outgoings including property management fees, and the strength of a nationally recognized covenant.
With MU1 Mixed Use zoning, a 577 m² building area, and a 221 m² landholding, this property combines long-term income security with irreplaceable positioning in Sydney’s Inner East. Opportunities of this caliber in Paddington are exceptionally rare, making this a true set-and-forget investment in a premium location.