Rare Central Sydney Development Opportunity

HTL Property, in conjunction with Ray White Commercial, has been exclusively appointed to market 806-812a George Street, Sydney.

The amalgamated development site consists of 806-808 and 810-812a George Street Sydney, and is princely located within 250m* of Central Train Station and within 50m* from Haymarket Light Rail. The George Street offering provides the incoming purchaser multiple development options, whilst enjoying a significant holding income.  Additionally, development clauses form part of each of the current lease agreements.

With favourable B8 / SP5 Metropolitan Centre zoning (7.5:1 FSR and 50m HOB) the zoning supports development opportunities including student accommodation, hotel, commercial and or residential (STCA).

Positioned on 573.60sqm* of freehold land and offering a 24.5m* frontage to George Street, the land parcel also enjoys dual street access from both George Street and St Laurence Lane.

“Opportunities of this nature and in this location are extremely rare given the close proximity to Sydney’s CBD, transport infrastructure and Chinatown; and due to this positioning, the site could ideally suit hotel or backpacker accommodation” commented HTL Property Director, Nic Simarro.

“Being located within Sydney’s newly proposed $3b Silicon Valley tech hub is hugely attractive, particularly when considering the proximate development projects including Atlassian’s Headquarters, Central Place and Toga Place’ added Simarro.

“An alternate, yet highly desirable opportunity for the site is the development of co-living or student accommodation, taking into regard the imminent surge of international students and the lack of current supply” advised HTL Property National Director, Andrew Jackson.

“Enjoying a patent recovery since the CV-19 related downturn, retail and commercial activities have surged in recent months and whilst redevelopment of the site is the ultimate prize, there exists a prime opportunity to reposition the building to further increase its holding income until that time” added Ray White Commercial Director and Asia Desk Operator, Victor Sheu.

806 – 812a George Street Sydney is a truly unique development opportunity that will appeal to a wide range of astute investor interest from both domestic and offshore origins.  Current pricing expectations for the site are in excess of $26,000,000.

The property is for sale via an International Expression of Interest campaign concluding at 4pm Thursday 20 April 2023; if not sold prior.

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