office
ID 330743UpdatedSold549 Harris Street
549 Harris Street
Ultimo, New South Wales, 2007
Please contact us for price
- Size
5,604 SQM
James Aroney
Senior Director, Capital Markets - NSW
Thomas Madigan
Director
- Summary
- Building Information
- Location
- Brochures
- Agents
Description
A compelling value-add opportunity in Sydney's dynamic City Fringe market
JLL in conjunction with CBRE are pleased to present 549 Harris Street, Ultimo - a compelling value-add opportunity in Sydney’s dynamic City Fringe market.
Currently operating as a Data Centre and 100% leased until September 2024, the asset presents multiple future propositions including significant rental reversion, next-generation office or last mile logistics redevelopment (STCA).
Ultimo is set to benefit from infrastructure projects underpinned by a Government endorsed planning strategy focused on the transformation of the precinct.
Key investment highlights include:
• Existing 4 storey asset comprising 5,604sqm* GLA with upper levels views of Sydney CBD
• Situated on a significant, regular shaped site of 1,341sqm* and zoned B1 Neighbourhood Centre
• Reposition into creative office, modern Data Centre or last mile logistics centre
• Currently operating as a Data Centre and leased until 2024 with no further Options
• Directly opposite Sydney's Powerhouse Museum, set to be transformed into a $480m Fashion & Design hub led by NSW Govt.
• Passing net income of $2.06m* ($368psm*) provides genuine rental growth opportunity
*Approximate
NABERS RATINGS; Exempt - due to current use
100% freehold interest in 549 Harris Street, Ultimo is being offered by International Expressions of Interest closing 3:00pm (AEDT) Thursday 31st March, 2022.
For further information or to arrange an inspection, please contact the exclusive selling agents.
JLL in conjunction with CBRE are pleased to present 549 Harris Street, Ultimo - a compelling value-add opportunity in Sydney’s dynamic City Fringe market.
Currently operating as a Data Centre and 100% leased until September 2024, the asset presents multiple future propositions including significant rental reversion, next-generation office or last mile logistics redevelopment (STCA).
Ultimo is set to benefit from infrastructure projects underpinned by a Government endorsed planning strategy focused on the transformation of the precinct.
Key investment highlights include:
• Existing 4 storey asset comprising 5,604sqm* GLA with upper levels views of Sydney CBD
• Situated on a significant, regular shaped site of 1,341sqm* and zoned B1 Neighbourhood Centre
• Reposition into creative office, modern Data Centre or last mile logistics centre
• Currently operating as a Data Centre and leased until 2024 with no further Options
• Directly opposite Sydney's Powerhouse Museum, set to be transformed into a $480m Fashion & Design hub led by NSW Govt.
• Passing net income of $2.06m* ($368psm*) provides genuine rental growth opportunity
*Approximate
NABERS RATINGS; Exempt - due to current use
100% freehold interest in 549 Harris Street, Ultimo is being offered by International Expressions of Interest closing 3:00pm (AEDT) Thursday 31st March, 2022.
For further information or to arrange an inspection, please contact the exclusive selling agents.
Location
Agents
James Aroney
Senior Director, Capital Markets - NSW
Thomas Madigan
Director