Wollombi has an authenticity that is hard to find elsewhere. Its old sandstone buildings, local businesses and close-knit community give it a character that has drawn Sydneysiders here for generations. Around two hours from the city, it is a place to spend the weekend, enjoy a long lunch and settle into village life. Its cafés, cellar doors and boutique wedding venues give people plenty of reasons to visit—and to stay.
Right in the centre of the village, Grays Inn is part of that history and appeal.
Built approximately 150 years ago, this two-storey Georgian sandstone and weatherboard building sits on approximately 2,023 square metres, with covered verandas, courtyards and extensive established gardens. It is a handsome country building with a sound commercial foundation: several income streams, an established accommodation business and space to increase the return.
On the ground floor, the SIP Wollombi Village cellar door, tasting room and retail space is currently leased at $500 per week. A separate street-front retail tenancy returns $300 per week, while one of the two office suites returns $200 per week. The second office suite is currently vacant, providing an opportunity for additional rental income.
The former restaurant is also vacant and has previously returned between $800 and $1,000 per week. With a commercial kitchen and associated hospitality and function areas, it offers scope to add materially to the existing income. Indoor event and gallery spaces, covered verandahs, storage and amenities complement the commercial accommodation.
Upstairs, the established Grays Inn short-stay accommodation business generates approximately $80,000 per annum in gross revenue. It comprises the Semillon, Verdelho and Shiraz guest suites, together with bathroom facilities, common areas and a verandah. Currently operated by the owners, the accommodation could continue under new ownership or be managed through an agency, with leasing arrangements another option to explore.
At the rear, the gardens provide a lovely setting for guests and gatherings. Two street frontages assist access, while the grounds and existing hospitality spaces offer scope to explore functions and events, subject to the necessary approvals.
For a buyer drawn to old buildings, Grays Inn has plenty to love. There is also a commercial case grounded in existing income, multiple tenancies and further space to put to work. It is an opportunity to own a much-loved landmark in a village whose character is the very reason people keep coming back.
Inspection by private appointment.