CBRE, on behalf of University of Technology Sydney (UTS), is pleased to present a 100% freehold interest in 4-12 Buckland Street, Chippendale (‘Blackfriars’). Offered for the first time to market, Blackfriars is a mixed-use oasis in the heart of Sydney’s technology precinct, Tech Central, which is supported by $3.2bn in government investment.

The large ~6,059sqm site has obtained development approval for the addition of a 6,000sqm GFA ‘Innovation Hub’ for office and/or education use, and features two irreplaceable character buildings (~1,150sqm) and a childcare facility (~950sqm) for 84 placements.

There is scope to explore conversion of the development application to multiple alternate uses – supported by the site’s versatile MU1 Mixed-Use zoning. Alternate uses include residential, hotel, student accommodation, Co-living and BTR (STCA).

The site’s development potential is enhanced by the ability to generate holding income from the existing improvements.

Located moments away from Central Station in Sydney’s Tech Central precinct – a cultural corridor for education and innovation – set to benefit from a pipeline of new public and private infrastructure, including the Central Station Metro (opening 2024) and the proposed Broadway Light Rail.

‘Blackfriars’ can be sold as two lots (Lot 100 & Lot 101) in-one-line or individually, subject to registration of a subdivision plan.

- Versatile mixed-use zoning
- One of Tech Central’s largest landholdings at ~6,059sqm
- Located within Sydney CBD’s NSW Government Led ‘Tech Central’
- Close proximity to Central Station
- Positioned amongst leading Australian Universities including UTS, USYD and
the University of Notre Dame
- Surrounded by a thriving retail & dining precinct
- Ability to develop an asset for owner occupation
- Potential holding income from existing improvements

For sale via International Expressions of Interest (EOI) closing Thursday, 28th March 2024 at 4:00pm (AEST).