A former Salvation Army Citadel and Chinese Theatre building in Haymarket is poised to hit the market for the first time in 19 years.

The family-owned landmark dates back The Salvation Army’s construction of barracks on the site at 27-33 Goulburn Street in 1885.

After changing hands in the 1960s, the site became central to the social and cultural life of the local Chinese community, with works commencing in 1985 to convert the property to the Chinese Theatre.  

At glance:

• CBRE has been appointed to sell 27-33 Goulburn Street, Sydney.
• The three-storey building spans 1,600sqm, anchored by a string of retail tenants, providing over $1million of passing income per annum.
• The property is being offered for sale via international Expressions of Interest closing Wednesday, June 12, 2019

CBRE’s City Fringe Team of Gemma Isgro, Nicholas Heaton and Nick Wheatley have been appointed to steer the sale of the property through an international Expressions of Interest campaign, with buyer interest expected to come from local, interstate and off-shore investors.

The three-storey building spans 1,600sqm, with the ground floor anchored by a string of retail tenants, providing over $1million of passing income per annum.

Ms Isgro said the building was ready to take on a new life.

“The first and second floors, comprising approximately 850sqm, are currently vacant, providing creative value-add opportunities for an incoming owner to refurbish the space and target tenants in one of the strongest leasing markets we have seen in over 20 years,” she said.

The property is being offered for sale via international Expressions of Interest closing Wednesday, June 12, 2019.

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