We loved staying there.
It was right by the ferries heading to Circular Quay and the city looked amazing at night.
You could see all this from the verandah.
The walk up Darling St to the main shopping district was 10 - 15 mins but it was really attractive and interesting, with plenty of coffee shops along the way.
Not as swish as the pictures made out(surprise, surprise) but it did have everything we need.