A RARE MIXED-USE INVESTMENT WITH HOTEL DA APPROVAL, STRATEGICALLY LOCATED IN THE THRIVING SOUTHERN CBD PRECINCT
AS EXCLUSIVELY APPOINTED AGENT, COLLIERS INTERNATIONAL ARE PLEASED TO OFFER A 100% FREEHOLD INTEREST IN 388-390 SUSSEX STREET, HAYMARKET, SYDNEY.
388-390 Sussex Street is located in Central Sydney, in the Chinatown / Haymarket Special Character Area. The property enjoys two street frontages being Sussex Street and Eagar Lane, sitting on the site which comprises a single 362.8sqm* allotment, referred to as Lot 1 DP 602971. The site is zoned B8 Metropolitan Centre under the Sydney Local Environmental Plan 2012 and currently accommodates a 5-storey commercial building.
Key development highlights are:
- DA approved for a 15 storeys hotel development with GFA of 3,301.07 sqm*, comprising of 140 rooms for hotel rooms.
- Prime corner site of 362.8sqm* with dual street frontage, 13.93m to Sussex Street, 33.52m to Eagar Lane.
- Convenient location, just 200m* to Chinatown Light Rail Stop and 500m* to Town Hall Station and close to world-class retail and entertainment amenities, including World Square, Darling Harbour, Darling Square, ICC, QVB and Chinatown.
- Superior connectivity for corporates, professionals and students in close proximity to the bustling Chinatown and University of Sydney, UTS and TAFE NSW.
*Approx.
This premier development opportunity is for sale via Expressions of Interest on Thursday 18th April 2024 at 3pm (AEST).
Please contact the exclusive selling agents for more information.
Remember to mention you found this property on DevelopmentReady
