Potts Point's Fountain Cafe up for sale

The Fountain Cafe in Sydney's Potts Point suburb, for long a part of the local landscape, failed to secure a bid when auctioned last week.

There was a $1.8 million vendor bid.

Located at 1a ELIZABETH BAY, the cafe is spread over 390 square metres with significant pedestrian exposure due to its location.

It has a full commercial kitchen, bathrooms and a liquor licence. 

Previously it was renting out for nearly $225,000 annually until its 2014 closure.

The auction was through Ron Bauer of Ray White Unlimited.