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700 George Street Sydney NSW 2000

  • Development / Land
  • 1,238 m²
  • Expressions of Interest

Extraordinary Stage 1 DA Approved development site in premium corner position

  • DA for 40-storey building envelope
  • Approval for 14,330m2 GFA
  • 204 Hotel Rooms and 39 apartments

Colliers has the privilege to offer for sale 700 George Street, Sydney, an extraordinary Stage 1 DA Approved development site occupying a premium corner position on George and Goulburn Street.

Strategically located in the bustling Southern CBD, the site provides close access to all the amenity associated with China Town, proximity to Town Hall and the emergence of the Central Station Precinct that will benefit from city shaping development and Public Infrastructure spend.

Benefiting from a Stage 1 Development Approval that has established the building envelope and potential to deliver a 40-storey tower, the concept plan proposes extensive retail at Ground and Lower Ground, with 204 hotel rooms plus 39 residential apartments.

The approved plan achieves 14,330sqm of Gross Floor Area, however the maximum GFA permissible for the site equates to 18,616sqm, which creates opportunities to extract further floor space from the development via the design excellence process and a Stage 2 DA. In addition, the location offers tremendous opportunity to revisit the predominant use for the site to include additional residential units or other uses such as Build to Rent or Purpose-Built Student Housing.

With limited opportunities for mid-scale development and the expected to post-Covid revival, this is tremendous opportunity to secure a key Sydney CBD development site.

Key features of the site include:

* Site Area 1,238sqm
* Stage 1 Development Approval for a 40-storey building envelope
* Approval for 14,330m2 GFA
* Maximum permissible GFA of 18,616m2 (STCA)
* Approval for 204 Hotel Rooms and 39 apartments
* Extensive frontage to George St & Goulburn to maximise retail opportunities
* Light rail at doorstep
* Low supply of mid- price range residential CBD units
* Reposition opportunities for BTR or PBSA
* Proximity to China Town, Town Hall and Sydney's newest commercial precinct, Tech Central.

700 George St is being offered for sale by International Expressions of Interest closing Thursday, 2nd December at 3pm.

For further details please contact the exclusive agents listed.

*Approximate

EXPRESSION OF INTEREST

Closing date and time02/12/2021 15:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Guillaume Volz
Colliers International - Sydney
Guillaume Volz
Colliers International - Sydney
Eugene White
Colliers International - Sydney
Eugene White
Colliers International - Sydney

Property Highlights

Property ID2017373806
Floor Area1,238 m²
Land Area1,238 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  1 Nov 2021
Map for 700 George Street Sydney NSW 2000
Map for 700 George Street Sydney NSW 2000700 George Street Sydney NSW 2000
Guillaume Volz
Colliers International - Sydney
Guillaume Volz
Colliers International - Sydney
Eugene White
Colliers International - Sydney
Eugene White
Colliers International - Sydney

Property Highlights

Property ID2017373806
Floor Area1,238 m²
Land Area1,238 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  1 Nov 2021
Colliers International - Sydney
Level 30, Grosvenor Place 225 George Street Sydney NSW 2000
Guillaume Volz
Colliers International - Sydney
Guillaume Volz
Colliers International - Sydney
Eugene White
Colliers International - Sydney
Eugene White
Colliers International - Sydney
Guillaume Volz

Guillaume Volz

Colliers International - Sydney

Eugene White

Eugene White

Colliers International - Sydney

+61 *** ***
+61 404 887 717

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