UNIQUE CBD FREEHOLD BUILDING, DUAL STREET FRONTAGES, PRIME LOCATION WITH DEVELOPMENT UPSIDE
We are pleased to present 651 George Street, Haymarket.
651 George Street, Haymarket is an exceptional opportunity in the heart of CBD. Featuring dual street frontages to George and Sussex Streets, this 100% freehold property boasts favourable planning controls with 1,432.5 sqm* potential GFA.
• Rare 100% freehold interest with premier George Street and Sussex Streets frontages
• Favourable planning controls: 7.5:1 FSR, 50m height limit
• 191sqm* site, 1,432.5 sqm* GFA potential, existing income
• A development application for a 42 room boutique hotel, with commercial/retail space on the ground floor, is being prepared for final submission to the City of Sydney Council. A copy of the full DA package will be provided upon request
• Adjacent to Chinatown Light Rail Station, high pedestrian traffic
• Rare opportunity with flexible value-add potential
• Positioned for investment in the Tech-Central & Darling Harbour Precinct and the City of Sydney has unveiled a $44 million Haymarket revamp plan, creating a prime opportunity for forward-looking investors
• Located at the exclusive end of Chinatown - the NSW government has committed over $3.4 billion to develop exciting new infrastructure and transport hubs, including the Darling Harbour line, Town Hall Metro line, the new Central Metro station & the light rail.
Phillip Elmowy
0425 285 444
p.elmowy@rwcss.com
John Skufris
0414 969 221
j.skufris@rwcss.com
Co-Agent:
Steve Kremisis
0414 818 317
steve.kremisis@raywhite.com
*Approximately