549 Harris Street,
Ultimo, NSW 2007
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CBRE - Sydney
Level 21, 363 George StreetSYDNEY, NSW 2000
549 Harris Street
Ultimo, NSW 2007
Map of 549 Harris Street
A compelling value-add opportunity in Sydney's dynamic City Fringe market
JLL in conjunction with CBRE are pleased to present 549 Harris Street, Ultimo - a compelling value-add opportunity in Sydney’s dynamic City Fringe market.
Currently operating as a Data Centre and 100% leased until September 2024, the asset presents multiple future propositions including significant rental reversion, next-generation office or last mile logistics redevelopment (STCA).
Ultimo is set to benefit from infrastructure projects underpinned by a Government endorsed planning strategy focused on the transformation of the precinct.
Key investment highlights include:
• Existing 4 storey asset comprising 5,604sqm* GLA with upper levels views of Sydney CBD
• Situated on a significant, regular shaped site of 1,341sqm* and zoned B1 Neighbourhood Centre
• Reposition into creative office, modern Data Centre or last mile logistics centre
• Currently operating as a Data Centre and leased until 2024 with no further Options
• Directly opposite Sydney's Powerhouse Museum, set to be transformed into a $480m Fashion & Design hub led by NSW Govt.
• Passing net income of $2.06m* ($368psm*) provides genuine rental growth opportunity
*Approximate
NABERS RATINGS; Exempt - due to current use
100% freehold interest in 549 Harris Street, Ultimo is being offered by International Expressions of Interest closing 3:00pm (AEDT) Thursday 31st March, 2022.
For further information or to arrange an inspection, please contact the exclusive selling agents.
Currently operating as a Data Centre and 100% leased until September 2024, the asset presents multiple future propositions including significant rental reversion, next-generation office or last mile logistics redevelopment (STCA).
Ultimo is set to benefit from infrastructure projects underpinned by a Government endorsed planning strategy focused on the transformation of the precinct.
Key investment highlights include:
• Existing 4 storey asset comprising 5,604sqm* GLA with upper levels views of Sydney CBD
• Situated on a significant, regular shaped site of 1,341sqm* and zoned B1 Neighbourhood Centre
• Reposition into creative office, modern Data Centre or last mile logistics centre
• Currently operating as a Data Centre and leased until 2024 with no further Options
• Directly opposite Sydney's Powerhouse Museum, set to be transformed into a $480m Fashion & Design hub led by NSW Govt.
• Passing net income of $2.06m* ($368psm*) provides genuine rental growth opportunity
*Approximate
NABERS RATINGS; Exempt - due to current use
100% freehold interest in 549 Harris Street, Ultimo is being offered by International Expressions of Interest closing 3:00pm (AEDT) Thursday 31st March, 2022.
For further information or to arrange an inspection, please contact the exclusive selling agents.
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Property ID: 504019199Last Updated: 16 Apr 2023
CBRE - SydneyLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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