Name: 54 McLaren Street, North Sydney, NSW, 2060
Address: 54 McLaren Street , NSW, North Sydney, NSW, 2060
Telephone: +61 431 649 724

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SOLD

54 McLaren Street, North Sydney, NSW, 2060

Properties / Sold / New South Wales / North Sydney

Development Potential

1. Property Summary

Property Type

Residential, Commercial

Land Area

2,549 m² (*approx)

Selling Method

EOI: Closing Thursday 14th October 2021

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2. Property Highlights

RYDGES NORTH SYDNEY

2,549 sqm freehold land parcel
167 room 4.0-star hotel
Redevelopment potential

CBRE Hotels are privileged to exclusively present the Rydges North Sydney for sale via Expressions of Interest.

The Rydges North Sydney offers an incoming purchaser a myriad of investment opportunities and attributes, including:

- Sydney is a truly global city, renowned as a global tier one investment destination with hotel assets tightly held by investors and investment opportunities incredibly highly sought after.

- Located on a prime 2,549 sqm freehold land parcel in a strategic North Sydney location on Mclaren Street, with convenient access to Sydney CBD as well as extensive amenity including retail, office and transport, including the new Victoria Cross Sydney Metro station immediately next door.

- A new concept scheme, subject to Council Approval, has been prepared by renowned Candalepas Architects, incorporating a 15 storey residential tower above a single level of commercial floor space, with many apartments benefiting from stunning district vistas and Harbour views to the East.

- 167 room 4.0-star hotel with a proven historical financial performance. Hotel facilities include food and beverage and conference facilities.

- The hotel is offered with vacant possession of management or an incoming purchaser can retain Event Hospitality under a Hotel Management Agreement.

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