Doyles at Watsons Bay hits the market with $70m price hopes
One of Sydney Harbour’s best-known hospitality destinations, Doyles at Watsons Bay, is for sale with a price tag of around $70 million. Established in 1885, the business has traded for more than 140 years and has a fifth-generation family history.
HTL Property is leading the sale, including the search for a global buyer.
The property includes the Doyles on the Beach restaurant, which has extensive indoor and alfresco dining areas, as well as a separate residential dwelling.
The freehold site at 11 Marine Parade and 2 Cliff Street covers approximately 2,503.8sqm and has about 29 metres of frontage to Watsons Bay Beach. It also has views across Sydney Harbour to the CBD, and dual street frontages to Marine Parade and Cliff Street.
According to HTL Property managing director Andrew Jolliffe, the scarcity of comparable assets is a major drawcard.
“This is an exceptionally rare opportunity to acquire a landmark Sydney Harbour waterfront property holding with an extraordinary fifth generation history and an equally compelling underlying real estate proposition,” Jolliffe said.
“There are very few hospitality assets nationally that combine this level of brand recognition, historical significance and absolute beachfront positioning; particularly within a location as tightly held and internationally recognised as Sydney Harbour.”
The site is zoned SP3 Tourist, which permits hospitality, residential, tourism and visitor accommodation uses, subject to planning approvals. Buyers could consider long-term ownership, enhancement or repositioning of the site (STCA).
Beaches, parklands and more…
Watsons Bay sits at the entrance to Sydney Harbour and is known for its beaches, national parklands and established hospitality offering. It also has direct ferry services to Circular Quay. The property is close to Watsons Bay Wharf, Robertson Park and Sydney Harbour National Park, giving it access to both locals and a large domestic and international visitor market.
HTL Property national director Dan Dragicevich said the site’s land value and zoning should appeal to operators and investors.
“What makes this opportunity particularly compelling is the scarcity of comparable waterfront landholdings, especially those supported by such an established and celebrated hospitality identity,” Dragicevich said.
“The combination of an internationally recognised destination, substantial underlying land value and flexible residential, and tourism-oriented zoning presents a unique proposition for established hospitality operators and investors seeking long-term exposure to one of Sydney’s most prestigious waterfront precincts.”
The decision to sell was made by family patriarch Michael Doyle, with the property being marketed to established hospitality operators or investors.
Jonathan Jackson, 26th October 2026
