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Hotel Accommodation

Central Sydney Development Opportunity

810-812a George Street, Sydney, NSW

Hotel Accommodation

Central Sydney Development Opportunity

810-812a George Street, Sydney, NSW

Expression of Interest |
Closing: 9 June 2021, 4PM

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Investment Highlights:

  • Freehold opportunity comprising a three storey commercial building offering 678sqm* of NLA
  • Two street frontages offering a 12.5m* frontage to George Street and a 9m* frontage to St Laurence Lane
  • Land parcel of 279sqm*
  • Opportunity to acquire a boutique commercial property with a range of value-add opportunities including reletting the current space
  • Potential to increase net returns through refurbishment of the existing offering (STCA)
  • Opportunity to value add through construction of a number of additional levels and refurbishment of the existing floor space (STCA)
  • DA approval for a 188 bed 10 storey hotel / backpackers
  • FSR 7.5:1, HOB 50m and Zoned B8 – Metropolitan Centre
  • Located within 350m* of Sydney’s Central Train Station and within 1.3km* of Sydney’s CBD
  • Very tightly held commercial precinct, with minimal opportunities for entry
  • Current tenants are on a month to month agreement

*Approx.

Closing

9 June, 2021 at 4PM

Agent Details

Nic Simarro

Accommodation

Nic Simarro

Director

Accommodation

Andrew Jackson

National Director

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