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390-396 Pitt Street Sydney NSW 2000

  • Hotel, Motel, Pub & Leisure
  • 3,521 m²
  • Expressions of Interest

For Sale: Prime Sydney CBD Freehold Investment

  • 7 Storey Freehold Asset
  • Fully Refurbished, Fully Leased
  • Development Upside

Knight Frank, as exclusive sales agents are pleased to present the opportunity to acquire 100% freehold interest in 390-396 Pitt Street, Sydney. This is a rare opportunity to acquire a landmark freehold asset in a prominent corner location on Pitt & Goulburn Street within Sydneys premier entertainment district.

Mr Bs Hotel, a well-established anchor tenant operating since 2009, offers a restaurant / bar, TAB area, and 30 gaming machines.

Key investment highlights:
- A seven storey asset with ground floor & basement pub / hotel, retail, and upper level commercial and accommodation space, totalling 3,521 sqm* of NLA.
- Fully refurbished with new flooring, windows, lifts, electrical/plumbing, fire protection and air-conditioning.
- 100% leased to four established tenants, generating a Estimated Net Income of $3.1m* per annum.
- Three levels leased to a well-established anchor tenant - Mr Bs Hotel, operating since 2009, offers a restaurant & bar, TAB area, outdoor seating, and 30 gaming machines.
- Tenanted investment with council approved development upside - new concrete rooftop ready for additional floors.
- Prominent corner position with 35m* street frontage to Goulburn Street, and 16m* to Pitt Street.
- Located opposite World Square within the vibrant Chinatown precinct. Less than 300m* to the George Street Light Rail Chinatown Stop.

*Approx.

For sale by Expressions of Interest (EOI), closing at 4pm on Thursday, 25th March 2021.

EXPRESSION OF INTEREST

Closing date and time25/03/2021 16:00
Recipient nameAsk Agent
Delivery addressKnight Frank

Property Highlights

Property ID2016805565
Floor Area3,521 m²
Land Area600 m²
EnergyAsk Agent
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  24 Feb 2021
Map for 390-396 Pitt Street Sydney NSW 2000
Map for 390-396 Pitt Street Sydney NSW 2000390-396 Pitt Street Sydney NSW 2000

Property Highlights

Property ID2016805565
Floor Area3,521 m²
Land Area600 m²
EnergyAsk Agent
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  24 Feb 2021
Knight Frank - Sydney
Level 22, Angel Place 123 Pitt Street Sydney NSW 2000

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