47 Windsor Street, Paddington, NSW 2021

IB Property is pleased to present 47 Windsor Street, Paddington. This iconic Paddington building sits on a sun-soaked north-eastern corner block and offers residential reinvention potential, with 195sqm* of land and 280sqm* of net lettable area. It's leased to Civico 47 Italian restaurant on a triple net lease and a new 2-year lease runs from 1 March 2027. The property is a three-street frontage terrace with an expansive shop front. Zoned R2 residential, it can be held as an investment, owner-occupied in the future, or converted into a grand residential home, with potential to add parking, subject to council approval.

It has been completely refurbished to a high standard while keeping its exquisite façade, and sits on one of Paddington's premier streets among local cafes, restaurants and boutique shopping. Formerly Lucio's and now Civico 47, it stands alongside Paddington institutions like Fred's, Barbetta and Alimentari. This is a rare opportunity to own a piece of Sydney's culinary history.

Key Highlights:

· 195sqm* of land area and 280sqm* of net lettable area
· Leased to Civico 47 on a triple net lease with 4% annual increases
· 6-month bank guarantee
· New 2-year lease from 1 March 2027 to 2029
· Net passing income of $240,996.48 + GST per annum*
· Sun-soaked, north-eastern corner block with three street frontages
· Zoned R2 residential
· Options to hold as an investment, owner-occupy in the future, or convert to a grand residential home
· Completely refurbished to a high standard, with the exquisite façade kept
· Potential to incorporate parking (subject to council approval)

*approx.

AUCTION: Tuesday 1 December 2026

For more information or to organise an appointment, please contact the exclusive agents:

IB Property:

Steffan Ippolito 0403 347 111
Dimitrios Franze 0406 558 855