It opened in 1902 on the site of the old Fort Macquarie and was demolished in 1958 to make way for the construction of the Sydney Opera House.

[1] The depot was constructed in the design of a fortress with castellated ramparts in homage to the previous building.

The depot closed on 22 October 1955 before being demolished in 1958 to make way for the construction of the Sydney Opera House.

Entry to the depot and loop line was controlled from a signal box located adjacent to the tracks.

Nothing remains of the depot; the buildings were totally razed to make way for the Opera House.