Sydney Roosters Expand Property Holdings with Paddington Purchase

Leading national hospitality brokerage agency, HTL Property, is pleased to announce the sale of the boutique UKO accommodation offering on Moore Park Rd, Paddington.

Sold by exclusive agents Andrew Jackson, Andrew Jolliffe and Scott Callow; and successfully acquired by the Sydney Roosters Rugby League Football Club, the wholly renovated property occupies prime positioning immediately opposite both Allianz Stadium and the Sporting Club of Sydney.

“We’re delighted with the acquisition of UKO Paddington, and in doing so furthering our broad strategic plan to future proof the Club’s financial strength via astute property and other strategic investments” advised Sydney Roosters CEO, Joe Kelly.

The sale of UKO Paddington followed a particularly active on-market EOI sale campaign; which generated 134 enquiries, 48 inspections and multiple offers to purchase.

“We had wholly expected the level of interest in such a high quality and well positioned property and business to be profound, however what transpired in terms of the investment market’s interest in UKO Paddington, was in reality quite extraordinary” advised HTL Property National Accommodation Manager, Andrew Jackson.

The 26 room boutique accommodation offering enjoys double street access and both indoor and outdoor communal areas; and is positioned in close proximity to Moore Park Sporting and Entertainment precinct, Oxford St and equidistant between Sydney’s CBD and Eastern Suburbs beaches respectively.

“Upmarket, co-living accommodation applications in key geographic locations are particularly popular investments; with occupancy rates often in the 90%+ range, and illustrative of a popular alternative for an augmenting number of domestic and international traveller types” concluded HTL Property Managing Director, Andrew Jolliffe.

HTL Property, as the exclusive agency for the sale, would not be drawn upon as to the price paid for the impressive property; other than to confirm consistency with the price guidance being provided to interested parties throughout the public sale process.

Separately, HTL Property is in the final stages of selling UKO Paddington’s sister property, UME Potts Point and as a specialist firm looks forward to disclosing further details in due course.

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