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691-699 George Street, Sydney, NSW 2000

Properties / Buy / New South Wales / Sydney

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office, Retail/Shopping Centre

Land Area

2,024 m² (*approx)

Local Government

Sydney

Selling Method

EOI: Contact Agents

DOCUMENTS AVAILABLE

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EOI Closing Date

30 Oct 2024 03:00PM

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2. Property Highlights

A Significant Development Opportunity in Sydney’s Chinatown

Four buildings offered in one line
2,015 sqm freehold site
Three street frontages

Knight Frank is delighted to present for sale 691-699 George Street, 76 Ultimo Road, and 217-219 Thomas Street, Sydney for sale in one line.

Arguably one of the most prominent property amalgamations in the Sydney CBD, the site provides superb development potential with three street frontages on George Street, Thomas Street, and Ultimo Road. This premium location offers unrivalled retail amenities, access to renowned educational institutions, and is a prominent drawcard for international tourists.

Key Highlights:

- Four buildings offered in one line: Creating one of the most desirable development sites in Sydney’s Haymarket.

- Freehold site with three street frontages: A combined area of 2,015 sqm with a prominent 39 m* frontage on George Street.

- Flexible zoning: SP5 Metropolitan Centre under Sydney LEP 2012, allowing potential uplift through a bespoke planning proposal.- Holding income: Current improvements include a 5-storey office building and three adjoining retail buildings, with a total NLA of approximately 4,600 sqm.

- Prime location: Directly opposite Market City and just 160m from the Chinatown Light Rail, providing seamless connectivity to and from the CBD.

*Approx.

A 100% freehold interest in 691-699 George Street, Sydney is being offered for sale via an International Expressions of Interest closing Wednesday 30 October 2024 at 3pm (AEDT).

Remember to mention you found this property on DevelopmentReady

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