Four adjacent buildings in Sydney’s inner city on a semi-island site offering a significant future development opportunity are being taken to the market in one line.

The properties, which have three street frontages, include an office building and three adjoining retail buildings at 691-693 George Street, 695-699 George Street, 76 Ultimo Street and 217-219 Thomas Street in Haymarket.

691-693 George Street is a single-storey retail building with a net lettable area (NLA) of 715sqm, anchored by Commonwealth Bank of Australia since 2005.

695-699 George Street is a five-storey office building with basement parking, anchored by Westpac Banking Corporation, and trading as St George Bank. The building has a NLA of 3,385sqm and was built in 1989.

76 Ultimo Road consists of a three-storey retail building with a NLA of 380sq m that is leased to an iconic Japanese restaurant, Kura Kura Japanese Dining. 

217 - 219 Thomas Street is a three-storey retail building, occupied by an Asian grocery store. 

The properties occupy a combined site totalling 2,024sq m, with 4,506sqm of net lettable area over the four buildings and a total of 25 car parks.

It is directly opposite the Market City shopping Centre, and just 160 metres from the Light Rail providing easy access to and from the city.

The properties are being sold in one line via an International Expressions of Interest campaign run by Knight Frank agents Dominic Ong, Linda Zhu and Jonathan Vaughan.  

Mr Ong said the properties have flexible zoning, being in the SP5 Metropolitan Centre under Sydney LEP 2012, allowing for potential uplift through a bespoke planning proposal.

“The site neighbours all major transport options and a wealth of retail and entertainment amenity located at Chinatown, Darling Square Precinct, and Central Station.”

The International Expressions of Interest campaign for the property will close at 3pm (AEDT) on Wednesday 30 October 2024.

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