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Knight Frank - Sydney

390-396 Pitt Street Sydney, NSW 2000

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390-396 Pitt Street,
Sydney, NSW 2000

Hotel & Leisure • Offices

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Sale - Expression of Interest

EOI

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Floor area

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Knight Frank - Sydney
390-396 Pitt Street
Sydney, NSW 2000
Knight Frank - Sydney

Knight Frank - Sydney

Level 22 Angel Place, 123 Pitt Street
SYDNEY, NSW 2000

Map of 390-396 Pitt Street

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  • Train stations within 5 km of 390-396 Pitt Street, Sydney, NSW 2000Distance
    Railcorp273 m
    Museum Station274 m
    Central Station523 m
    Town Hall Station632 m
    St James Station850 m
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  • Tram stops within 5 km of 390-396 Pitt Street, Sydney, NSW 2000Distance
    Capitol Square Light Rail Station227 m
    Paddy's Markets Light Rail432 m
    Central Station Light Rail440 m
    Exhibition Light Rail Station737 m
    Convention Light Rail Station1.1 km
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  • Bus stops within 5 km of 390-396 Pitt Street, Sydney, NSW 2000Distance
    Pitt St at Campbell St110 m
    Museum Station, Castlereagh St, Stand F135 m
    Museum Station, Downing Centre, Stand E195 m
    Hay St Opp Belmore Park228 m
    Campbell St at Foster St272 m
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POWERED BY HERE ©

For Sale: Prime Sydney CBD Freehold Investment

  • 7 Storey Freehold Asset
  • Fully Refurbished, Fully Leased
  • Development Upside
Knight Frank, as exclusive sales agents are pleased to present the opportunity to acquire 100% freehold interest in 390-396 Pitt Street, Sydney. This is a rare opportunity to acquire a landmark freehold asset in a prominent corner location on Pitt & Goulburn Street within Sydney’s premier entertainment district.

Mr B’s Hotel, a well-established anchor tenant operating since 2009, offers a restaurant / bar, TAB area, and 30 gaming machines.

Key investment highlights:
- A seven storey asset with ground floor & basement pub / hotel, retail, and upper level commercial and accommodation space, totalling 3,521 sqm* of NLA.
- Fully refurbished with new flooring, windows, lifts, electrical/plumbing, fire protection and air-conditioning.
- 100% leased to four established tenants, generating a Estimated Net Income of $3.1m* per annum.
- Three levels leased to a well-established anchor tenant - Mr B’s Hotel, operating since 2009, offers a restaurant & bar, TAB area, outdoor seating, and 30 gaming machines.
- Tenanted investment with council approved development upside - new concrete rooftop ready for additional floors.
- Prominent corner position with 35m* street frontage to Goulburn Street, and 16m* to Pitt Street.
- Located opposite World Square within the vibrant Chinatown precinct. Less than 300m* to the George Street Light Rail Chinatown Stop.

*Approx.

For sale by Expressions of Interest (EOI), closing at 4pm on Thursday, 25th March 2021.

Property ID: 503761766Last Updated: 3 Mar 2021

Agency contacts

Knight Frank - Sydney
Knight Frank - Sydney
Level 22 Angel Place, 123 Pitt Street
SYDNEY, NSW 2000
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Dominic Ong

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Dominic Ong
Knight Frank - Sydney
390-396 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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