Sydney staple for more than 20 years, is officially for sale. The block it occupies also houses Bodyline gay sauna and several other small businesses.The premises, occupying 10-24 Flinders Street and 4-10 Taylor Street, have been owned by Shadd Daniel Danesi for the past three decades.
ARQ launched in 1999.Industry experts estimate it will sell somewhere between AUS$45-$50million ($33-$37million).It’s being marketed as an opportunity to develop a high-end mixed-use precinct.
Buyers can acquire the site as a vacant possession or fully tenanted, which makes the future of ARQ and Bodyline uncertain. ARQ has not made any comment about the sale.ARQ had to shut down for months because of the Covid pandemic.