Remnant bushland in places like Blackwattle Bay retain elements of traditional plant, bird and animal life, including fish and rock oysters.

Primarily the new building was to provide "good lavatory accommodation" to cater for increased market activity in the area as well as some small retail outlets and offices.

During the 1920s as the market use ceased, shop fronts were inserted into the openings in the facade of 181-187 Hay Street and in 1935 the original awning was replaced with the present structure.

Following a fire in 1974, the roof covering was replaced with metal sheeting and since that time numerous alterations have taken place to the interior and exterior including the demolition of the central stairs and the removal of first floor partitions.

Located in the Haymarket area of the City of Sydney, the building has its own distinctive architectural features using colourful terracotta, sandstone and red brick detailing and flamboyant forms and motifs.

[1] he external detail is largely intact, with openings having been infilled from the 1920s onwards and an awning being replaced in 1935, but the interiors have undergone significant changes with only some elements surviving.

It forms a key part of the precinct with the Capitol Theatre and the Haymarket Chambers, which reflect Sydney's social and architectural heritage around the turn of the century.

With the Haymarket Chambers, Capitol Theatre, and Palace Hotel, it forms a significant historic precinct of Victorian and Edwardian buildings of consistent character and scale, reflecting the period's growth and prosperity in relation to the markets, the railway terminus, and nearby large scale retail centres such as Anthony Hordern and Company.