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Hotel/Leisure For Sale found in PYRMONT, NSW 2009

Properties located in the surrounding suburbs

RARE OFFERING

Hotel/Leisure

Colliers International has been exclusively retained to offer for sale 252 Sussex Street (the "Hotel", "Property" or "Asset"), Sydney, New South Wales, currently trading as Seasons Harbour Plaza Sydney.
The Hotel incorporates 119 apartment sized hotel rooms over 19 floors and includes an exclusive floor with penthouse loft apartments with floor areas of 157sqm. The offering also includes a rooftop indoor heated pool, sauna, gym, restaurant with street frontage access and 34 car parking bays over four basement levels.
The Property is located within Sydney's burgeoning Western Corridor precinct in the heart of Sydney's CBD, providing easy access to public transport and multiple demand drivers including the newly completed International Convention Centre, Darling Harbour
The Hotel is currently operated under a lease agreement with Seasons Apartment Hotel Group, with the hotel branded as "Seasons Harbour Plaza Sydney". This agreement expires in November 2021, however early termination is possible, thereby permitting an incoming purchaser with the lease agreement to acquire the property with freehold vacant possession.
The sale offers the opportunity to secure a strategic position in the tightly held Sydney Central Business District that will benefit from its close proximity to tourism demand generating infrastructure.
The property is being offered For Sale by Expressions of Interest closing 14 September 2017 (AEST).

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Price Contact Agent
Building 446m²
Occupancy Vacant
Property ID 265034

HISTORIC HOSPITALITY INVESTMENT

Hotel/Leisure | Retail | Other

- Historic landmark building completely refurbished in 2010
- Total NLA 1,470 sqm* (over 4 levels)
- 3 main bars, 3 function rooms, restaurant and outdoor dining
- Overlooking Overseas Passenger Terminal - Circular Quay
- Liquor - Hotel Licence with trading until 3am
For Sale by Expressions Of Interest
Closing 27 June 2017 at 12 noon
(unless sold prior)

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Price Contact Agent
Building 1470m²
Land 740m²
Occupancy Vacant
Property ID 260583

CIRCULAR QUAY RETAIL INVESTMENT

Investment | Retail | Hotel/Leisure | Other

Sydney's preeminent retail address. A trophy asset in a location that is simply without peer!
'Buckley's Bar' is a licensed hotel operating (7) days and nights until 1:00am.
Strata titled, 'Buckley's Bar' is at the gateway to Australia's most visited icon - 'Sydney Opera House'.
~ Total NLA 408 sqm
~ Annual Net Rent $881,000 (+GST)*
- Fixed 4% rental increases p.a.
~ 5 year lease (commenced 2014)
~ Option further 4 years 9 months
~ Hoteliers licence on title
(* approximately)
For Sale by Expressions of Interest closing Tuesday 27 June, 2017.
All inspections are strictly by appointment.

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Price Contact Agent
Building 408m²
Occupancy Tenanted
Property ID 260576

SUBURB PRICE GUIDE

Suburb Summary - Pyrmont, NSW 2009

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $643
Retail $637
Industrial $350
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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