Knight Frank is delighted to exclusively present an opportunity to partner with St Peter Julian’s Catholic Church and Monastery of the Blessed Sacrament to undertake a redevelopment of their site at 637-645 George Street, Sydney.

DA approved for a further 6,872.2 sqm of commercial GFA, our client is seeking to unlock the deep value embedded in the site either via a redevelopment of the site or the sale of the potential Heritage Floor Space (HFS).

The opportunity therefore exists for a development partner to enter into a structured transaction that provides time to achieve an outcome that suits both parties and take advantage of the Sydney CBD’s growing southern precinct.

At a glance:

•Prime 1,229 sqm* freehold site occupying a prominent position in from of the Chinatown Light-Rail stop and benefiting from dual frontages to George and Sussex Street.
•Strategically located on George Street, 545m* from Central Station within the growth corridor of NSW governments multi-billion-dollar Tech Central Precinct and the new Atlassian headquarters.
•DA approved for a nine-storey commercial addition above the existing improvements providing 9,118 sqm* of developable GFA.
•Renowned architectural firm Benson McCormack Architecture have illustrated an alternative scheme for a 130-room hotel (STCA).
•Potential for the purchaser of 4,601.25 sqm of Heritage Floor Space (HFS).

*Approximate

A 100% freehold interest in 634-645 George Street, Sydney is offered for sale via Expressions of Interest closing Thursday 26 October at 4pm (AEDT).