Sydney home of longstanding Buon Gusto Italian Restaurant on the market for $2.95m

Ray White Commercial South Sydney’s John Skufris and Peter Kotzias are marketing 368 Abercrombie Street, Darlington, a mixed-use building in an established inner-city education precinct, on behalf of a private owner.

Situated near Redfern Station at the corner of Codrington Street, the ground-level Buon Gusto Italian Restaurant has been operating for more than 35 years.

The upper level provides residential accommodation with the potential for further development — including an extra level — subject to council approval.

“The building has three street frontages and is in close walking distance to Carriageworks and Newtown’s King Street shops,” Mr Skufris says.

Mr Kotzias says: “Other features include the oversized outdoor terrace plus on-site parking in an area with historical demand for student accommodation”.

The asking price for the property, which is on a 185sqm site, is $2.95 million.

The University of Sydney Business School and the circa-1894 Royal Hotel are both located opposite the site.