For INTEREST
Development / Land, Offices- Land size:
- 816 sq.m
- Building size:
- 771 sq.m
- Property ID:
- 373897
Main content:
Chinatown Sydney Site---Potential Development Site---Site Area 816 SQM
LOCATION
691-693 George Street is situated on western side of George Street, bounded by Hay Street & Ultimo Road, diagonally opposite Capitol Square in busy Haymarket. Central railway is approximately 3 minutes walk to the south and Town Hall is approximately 5 minutes walk to the north of the premises via the newly opened World Square development on George Street. Market City shopping centre, the Entertainment Centre and Chinatown’s popular Dixon Street shopping and eating precinct are all located within immediate proximity to this property.
DESCRIPTION
691-693 George Street is a two level brick / concrete banking premises originally constructed in 1985. This ground floor banking chambers enjoys an outstanding 20m frontage to George Street. The premises have a lower ground area currently utilised as bank storage area and parking for approximately 14 cars.Currently the property is let in its entirety to the Commonwealth Bank of Australia.
DEVELOPMENT APPROVAL
A Development Application has been approved for a new 14 level office tower with basement parking. The DA provides for a total net lettable area of approximately 5,849 m2, including approximately 589 m2 of prime retail and 15 basement car spaces.
For sale by EXPRESSION OF INTEREST closing 23 October 2009 at 12 PM
For more information or to arrange an inspection please contact the joint agents
Summary
- Building Area
- 771 m²
- Land Area
- 816 m²
- Occupancy
- leased investment
Expression of Interest Information
- EOI Close Date
- 23/10/2009 12:00:00
Lease Information
- Rental (p/a)
- $694,386 (GST ex)
- Outgoings Paid By
- tenant
- Tenant Name
- Commonwealth Bank
- Options
- 5
More information
Website: www.drakeproperty.com
Address is approximate.
Drake Property, Sydney
Level 4, Suite 404, 379 - 383 Pitt Street, Sydney, NSW, 2000
RLA:1043711
- Phone this agent
Name: Nick Drake
Phone: (02) 9283 6280
- View other properties from this agency
Chesterton International, Sydney
Level 41, 2 Park Street, Sydney, NSW, 2000
RLA:242491
- Phone this agent
Name: Michael Stokes
Phone: 0418 251 579
Email this agent
To: Drake Property, Sydney
Subject: 691 George st , SYDNEY NSW 2000
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