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Hotel/Leisure For Sale found in PYRMONT, NSW 2009

Properties located in the surrounding suburbs

STAGE 1 DA APPROVED SYDNEY HOTEL DEVELOP...

Investment | Hotel/Leisure | Development/Land

JLL Hotels and Hospitality Group and Colliers International have been exclusively appointed to offer for sale 410 Pitt Street, Sydney.
Property features and investment highlights include:
• Stage 1 DA for an indicative 178 room, 31-storey Hotel development with GFA of 4,830sqm significantly streamlining the development process
• Rare freehold offering in one of the most sought after hotel markets in Asia Pacific with limited new supply and excellent trading fundamentals
• Sydney is poised for future growth with a strong outlook and unprecedented infrastructure expenditure
• Prime Sydney CBD location in close proximity to major demand generators including Darling Harbour, Sydney International Convention and Exhibition Centre, Barangaroo and Chinatown precinct
• Highly accessible to transport links, a short walk to Central Station, the future Pitt Street Metro Station and China Town Light Rail stop
• Flexibility over operating structure, branding and market positioning providing an opportunity to obtain a flagship in the tightly held Sydney hotels market
• Arguably one of the last development opportunities of its kind to come to market, as
proposed planning controls may restrict development above 55 meters for sites less than 800sqm The sale of 410 Pitt Street represents an opportunity to gain a rare foothold in the increasingly limited, yet globally sought after Sydney hotel market. For Sale by Expressions of Interest closing Thursday 12 October 2017

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Price: Contact Agent    Building: 4830m²    Land: 342m²    Occupancy: Tenanted

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

HISTORIC LEASEHOLD INVESTMENT OPPORTUNIT...

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
- Leasehold interest opportunity (expires in 2032)

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Price: Contact Agent    Building: 1470m²    Land: 740m²    Occupancy: Vacant

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 $9921 $649 6.54%
Retail $644
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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