property

691 George st , SYDNEY NSW 2000

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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


Address is approximate.