Central Sydney Development Opportunity

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 300.025sqm*
• 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.