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Colliers International - Sydney

280 Pitt Street Sydney, NSW 2000

Directions

280 Pitt Street
Sydney, NSW 2000

Offices

Price information

Sale - Expression of Interest

Contact Agent

Land area

581.0m²

Floor area

4390.0m²

Parking info

Parking close by.

Colliers International - Sydney
280 Pitt Street
Sydney, NSW 2000
Vince Kernahan
Tom O'Neill

Colliers International - Sydney

Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000

Map of 280 Pitt Street

Directions

MIDTOWN FREEHOLD BUILDING WITH OUTSTANDING POTENTIAL

  • Refurbish or increase NLA (STCA)
  • Outstanding refurbishment potential
  • Flexible floor plates
280 Pitt Street is located in the very heart of Sydney’s Central Business District, one block from Town Hall Railway station and the new light rail and between the under-construction Pitt Street Sydney Metro North (150 metres) and South stations (50 metres).

The surrounding Midtown Precinct is the most active hub of redevelopment in Sydney as investors and developers recognise that tenants are attracted to a plethora of nearby amenity.

Continuing strong demand for redevelopment to office, retail, hotel, serviced apartments and residential is seeing several high-quality projects under construction. Examples include the 67 level Greenland residential tower, Castle Residences and M Gallery by Sofitel and the proposed towers that will sit atop the Sydney Metro North and South stations.

The building’s short weighted average lease expiry profile (1.74 years by area), current low rents and appealing heritage façade will appeal to Owner Occupiers, Investors and Developers wishing to take advantage of significantly higher rents that are possible from a refurbishment. There is also the opportunity to increase the property’s net lettable area through development of an additional 4 levels (STCA)

The property’s office component provides vacant possession of approximately:

- 17% by end of 2020 plus
- 66% between 2020 – end of 2022
- Total of approximately 83% by end of 2022

The property has a NABERS Energy Rating of 2.5 Stars.

The property is being offered for sale via an International Expressions of Interest closing on Thursday 31 October 2019 at 4.00pm (AEDT).

Property ID: 503348034Last Updated: 3 Dec 2019

Agency contacts

Colliers International - Sydney

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Colliers International - Sydney

Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
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Vince Kernahan

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Vince Kernahan
Colliers International - Sydney
280 Pitt Street Sydney, NSW 2000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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