700 George Street,
Sydney, NSW 2000
Key property information
Map of 700 George Street
Train stations within 5 km of 700 George Street, Sydney, NSW 2000 Distance Capitol Square Light Rail Station 185 m Paddy's Markets Light Rail Station 282 m Museum Station 401 m Central Station 558 m Town Hall Station 612 mPOWERED BY HERE © Tram stops within 5 km of 700 George Street, Sydney, NSW 2000 Distance Paddy's Markets Light Rail 144 m Capitol Square Light Rail 176 m Central Station Light Rail 475 m Exhibition Light Rail Station 578 m Convention Light Rail Station 965 mPOWERED BY HERE © Bus stops within 5 km of 700 George Street, Sydney, NSW 2000 Distance Pitt St at Campbell St 179 m Museum Station, Castlereagh St, Stand F 248 m Pitt St Before Hay St 297 m Hay St Opp Belmore Park 299 m Museum Station, Downing Centre, Stand E 322 mPOWERED BY HERE ©
Extraordinary Stage 1 DA Approved development site occupying a premium corner position
- DA for 40-storey building envelope
- DA approval for 14,330m2 GFA
- 204 Hotel Rooms and 39 apartments
Strategically located in the bustling Southern CBD, the site provides close access to all the amenity associated with China Town, proximity to Town Hall and the emergence of the Central Station Precinct that will benefit from city shaping development and Public Infrastructure spend.
Benefiting from a Stage 1 Development Approval that has established the building envelope and potential to deliver a 40-storey tower, the approved plan proposes extensive retail at Ground and Lower Ground, with 204 hotel rooms plus 39 residential apartments.
The approved plan achieves 14,330sqm of Gross Floor Area, however the maximum GFA permissible for the site equates to 18,616sqm, which creates opportunities to extract further floor space from the development via the design excellence process and a Stage 2 DA. In addition, the location offers tremendous opportunity to revisit the predominant use for the site to include additional residential units or other uses such as Build to Rent or Purpose-Built Student Housing.
With limited opportunities for mid-scale development and the expected to post-Covid revival, this is tremendous opportunity to secure a key Sydney CBD development site.
Key features of the site include:
* Site Area – 1,238sqm
* Stage 1 Development Approval for a 40-storey building envelope
* Approval for 14,330m2 GFA
* Maximum permissible GFA of 18,616m2 (STCA)
* Approval for 204 Hotel Rooms and 39 apartments
* Extensive frontage to George St & Goulburn to maximise retail opportunities
* Light rail at doorstep
* Low supply of mid- price range residential CBD units
* Reposition opportunities for BTR or PBSA
* Proximity to China Town, Town Hall and Sydney’s newest commercial precinct, Tech Central.
700 George St is being offered for sale by International Expressions of Interest closing Thursday, 2nd December at 3pm.
For further details please contact the exclusive agents listed.
Property ID: 503943690Last Updated: 18 Jan 2022