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Sold on 11 Dec 2019

208 Clarence Street Sydney NSW 2000

  • Offices
  • 1,378 m²
  • Sold

Fully leased Sydney CBD office investment with development upside

JLL and Knight Frank as exclusive sales agents, are pleased to present 208 Clarence Street, Sydney. 208 Clarence Street comprises of a refurbished boutique 7 storey commercial office building located within the Town Hall precinct of the Sydney Central Business District. The property is fully leased to two major tenants and in addition to the strong existing cashflow, the property provides future optionality via an approved Development Application for the construction of a new 15 storey Hotel.

Key investment highlights include:
100% Freehold interest in a 7 storey commercial building comprising 1,378 sqm* NLA in Australias most sought after office market Sydney CBD
Centrally located in the Western Corridor, a major growth corridor in Sydney CBD 
Fully leased with a net passing income of $1,001,092 per annum*
WALE of 3.99 years (by income) as 1 October 2019
Alternative future uses available via DA approval for construction of a new 15 storey Hotel comprising 97 rooms, with Demolition Clauses in all Leases
150 metre* walk to Town Hall Station, George Street Light Rail and the Queen Victoria Building
NABERS exempt

The property is being offered for sale by Expressions of Interest closing Tuesday 13 th August 2019 at 4:00pm (AEST).

Property Highlights

Property ID2015435815
Date Sold11 Dec 2019
Floor Area1,378 m²
Land Area253 m²
EnergyAsk Agent
ParkingAsk Agent
Category
Last updated  25 Jul 2019
Map for 208 Clarence Street Sydney NSW 2000
Map for 208 Clarence Street Sydney NSW 2000208 Clarence Street Sydney NSW 2000
JLL - Sydney
Level 25 420 George Street Sydney NSW 2000

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