Share this property

Savills - Sydney CBD

Albion House, 10-24 Flinders Street Darlinghurst, NSW 2010

Directions

Albion House, 10-24 Flinders Street,
Darlinghurst, NSW 2010

Development Sites & Land • Other • Hotel & Leisure

Price information

Sale

Expressions of Interest

Key property information

Land area

Floor area

Tenure type

Private inspections

to arrange a private inspection.
Savills - Sydney CBD
Leon Alaban
Selin Ince
Nick Lower

Savills - Sydney CBD

Level 25, 1 Farrer Place
SYDNEY, NSW 2000
Savills - Sydney CBD
Albion House, 10-24 Flinders Street
Darlinghurst, NSW 2010

Map of Albion House, 10-24 Flinders Street

Directions
  • Train stations within 5 km of Albion House, 10-24 Flinders Street, Darlinghurst, NSW 2010Distance
    Museum Station866 m
    Kings Cross Station915 m
    Central Station928 m
    Capitol Square Light Rail Station1.1 km
    Paddy's Markets Light Rail Station1.3 km
    POWERED BY HERE ©
  • Tram stops within 5 km of Albion House, 10-24 Flinders Street, Darlinghurst, NSW 2010Distance
    Central Station Light Rail992 m
    Capitol Square Light Rail1.1 km
    Paddy's Markets Light Rail1.2 km
    Exhibition Light Rail Station1.7 km
    Convention Light Rail Station2 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Albion House, 10-24 Flinders Street, Darlinghurst, NSW 2010Distance
    Flinders St After Oxford St0 m
    Oxford St After South Dowling St106 m
    Darlinghurst Rd at Oxford St115 m
    Oxford St Before Darlinghurst Rd120 m
    Oxford St Opp Palmer St191 m
    POWERED BY HERE ©
POWERED BY HERE ©

AN ICONIC ENTERTAINMENT VENUE WITH SUBSTANTIAL DEVELOPMENT UPSIDE

  • Sydney CBD Fringe development site
  • Substantial 1,300 sqm plus * corner site
  • Substantial development potential
CBRE & Savills as joint exclusive agents, are excited to offer for sale by way of Expressions of Interest ‘Albion House’, 10-24 Flinders Street, 4-10 Taylor Street & 2 Sturt Street, Darlinghurst (Albion House).

‘Albion House’ is zoned B2 Local Centre under the Sydney Local Environmental Plan 2012. It has a maximum permissible building height of 15m-18m and maximum FSR range of 2:1-3.5:1 and the potential for a maximum GFA of 3,750 sqm* (STCA) across four story’s.

The City of Sydney recently earmarked Oxford Street as a key priority area for renewal and revitalisation within the Local Strategic Planning Statement (City Plan 2036) endorsed in 2020. On the 5th May 2021, the City of Sydney released a draft planning proposal for the Oxford Street Creative Precinct, with the objective of reinvigorating what has long been one of Sydney’s iconic places.

The draft planning proposal supports that the FSR and height limit is increased to 3.5:1-4:1 (with additional bonuses totalling 0.8:1 available) and 18m-23m, respectively, which will allowed for 6,000 sqm* (STCA) of allowable GFA across five to six story’s.

Key features of the properties include:

• Rare opportunity to secure a freehold asset occupying a prime corner position on one of Sydney’s iconic thoroughfares (Available for only the second time in 80 years).
• Prominent 1,300 sqm* corner site with significant 35m* frontage to Flinders Street & 26*m to Taylor Street.
• Elevated position with Sydney CBD skyline and district views
• The existing improvements are substantially underdeveloped with recent planning changes allowing an FSR increase from 2.0-3.5:1 to 4.3 – 4.8:1, subject to necessary consents.
• Significant development potential with multiple value-add options.
• Unique 24-hour liquor license

‘Albion House’ is being offered for sale via an Expressions of Interest campaign closing at 4:00pm (AEST) on 14th October 2021.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

Property ID: 503907510Last Updated: 15 Oct 2021

Agency contacts

Savills - Sydney CBD
Level 25, 1 Farrer Place
SYDNEY, NSW 2000
CBRE - Sydney
Level 21, 363 George Street
SYDNEY, NSW 2000
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Add an additional message
Name (required)
Email address (required)
Phone number

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.