CBRE Asia Pacific Capital Markets team are pleased to present to market for sale ‘197 Clarence Street’, after over 20 years of ownership.
An incredibly unique opportunity to purchase one of Sydney CBD’s last remaining sub 500sqm boutique freehold buildings for either owner occupation and/or investment with a variety of value-add initiatives.
A six-storey, character-filled heritage asset offering * of NLA, comprising lower ground & upper ground floor retail, four levels of office space, rear lane access and potential ability to construct a roof-top terrace which would feature cityscape and skyline views across Sydney Tower and other numerous Sydney icons.
Ideally situated amongst an evolving cultural precinct, the area is experiencing an influx of high-quality restaurants and contemporary bars. ‘197 Clarence’, is positioned just off the corner of one of Sydney’s busiest throughfares in King & Clarence Street and neighbouring the Grace Hotel, Merivale’s future King, York & Clarence development site and King Street’s luxury retail precinct.
Investment Highlights;
- Federation freehold asset with distinct character-filled features.
- 124sqm site area improved with a 6-storey commercial office building.
- * of Net Lettable Area with a typical floor plate of 80sqm*.
- Rare rear lane access (via right of carriage way).
- Two sides of natural light.
- Ability for either owner occupation and/or investment.
- One of just a few remaining sub 500sqm freehold buildings.
- Potential change of use (STCA).
- Direct access to existing transport hubs and future Sydney Metro network.
A 100% Freehold interest in 197 Clarence Street, Sydney is being offered for sale via an International Expressions of Interest process closing Thursday 7th March 2024 at 5:00pm (AEST).
Please reach out to the exclusive agents Angus Windred, Harry George and Callum Cooke of CBRE for further information.