• Purchased 2016
• IRR 40%
Cowper Wharf was purchased in 2016.
Cowper Wharf, also colloquially known as the ‘Finger Wharf’, is located in the inner Sydney-city suburb of Woolloomooloo. The Wharf boasts some of Sydney’s most iconic and respected restaurants, a luxury marina, hotel & apartments, whilst also offering spectacular panoramic views of the city and harbour from the water’s edge.
The properties include lots 6, 7 and 8, which are leased to the award-winning restaurants, Otto Ristorante and Kingsleys. The restaurants are owned by ‘best in class’ hospitality groups, Fink Group (who also owns 3-hatted Quay restaurant), and Dixon Hospitality (owner of 20+ bars and restaurants around Australia), and both having long-term leases in place.
The combined properties take up 1,390m2 of GLA, with 61.7m frontage that draws year-round crowds of both locals and visitors to the city, controlling almost half of all the retail area on the wharf.