388-390 Sussex Street, Sydney NSW 2000

For Sale

3 beds

8 baths

8 parking

Sydney CBD Mixed Use Freehold + DA Approval for 140 Room Hotel

140 bed | 140 bath | 7 car

• Prime corner site of 362.80m²*
• Existing NLA of 1,287.7m²*
• DA approved for 140 hotel rooms

Located in Sydney CBD's Southern precinct, 388-390 Sussex Street is a six-storey mixed use commercial building constructed in 1979, providing for a retail tenancy at ground floor, one level of parking above, and four storeys of commercial office floor space at upper levels.

DA Approved permitting a 15-storey hotel development accommodating 140 rooms, 3 basement levels, public art and public domain improvements.

Strategically positioned between Chinatown and Sydney's core business district. The property enjoys two street frontages being Sussex Street and Eagar Lane, sitting on a single allotment of 362.8m²*.

Key property Highlights:
- Prime corner site of 362.80m²*
- Freehold mixed-use building with 1,287.70m²* NLA
- Ground floor retail, car park, and 4 floors of office space
- DA approved for 140 hotel rooms totalling 3,301.70m²* of GFA
- Providing strong holding income
- Two street frontages providing ample uninterrupted natural light
- Proximity to bustling Chinatown, UTS and TAFE NSW
- 450m* to Town Hall train station

Colliers Investment Services, Ray White Double Bay and Ray White Commercial Eastern Suburbs are pleased to exclusively offer 388-390 Sussex Street, Sydney to market via way of Public Auction, Thursday 31th October, 10.30am (AEST) at Cooley's Auction Rooms, Level 5, 1 Margaret Street, Sydney.

For more information, or to arrange an inspection, please contact the exclusive agents.

*All areas are approximate Only

Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY

Property Details

• Type: Other
• Bedrooms: 3
• Bathrooms: 8
• Garage Spaces: 8
• Building Area: 363 m² (approx)
• Land Area: 363 m² (approx)