The Minerva, Potts Point_Property for Sale

30 Orwell Street, Potts Point, NSW, 2011, AU

The Minerva, Potts Point

Asset description

JLL, in conjunction with IB Property are pleased to present to market a remarkable opportunity to acquire a DA approved iconic landmark within Sydney’s coveted and tightly held Potts Point market.

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Attributes

Asking price

€18,021,000

Land area net

1,267 sm

Building area net

2,326 sm

Year built

1939

Zoning

MU1 - Mixed Use zoning

Media

Investment highlights

Generational opportunity to re-imagine one of Sydney’s most culturally iconic former theatres ‘The Minerva’.
Valuable DA approval to re-vitalise the heritage building and create a versatile fusion of upscale hospitality and entertainment venue in addition to a lavish 63-room, 5-star boutique hotel extending to 4,417sqm of GFA.
A substantial freehold 1,267 sqm* landholding across a level corner site with two street frontages and providing 2,326sqm* of existing built form with secure basement parking for 10 vehicles.
Favourable MU1 – Mixed Use zoning allowing alternate redevelopment options such as creative commercial office or premium residential which capitalises on the approved envelope.
Ideally located within Sydney’s city fringe one of the most tightly-held and scarce development destinations.
Optimally positioned within 2km* of Sydney CBD yet befitting from the vibrant amenity of Potts Point famous for its cultural charm, abundance of cafes, upmarket restaurants, trendy bars and ideally situated between the harbourside precincts of Woolloomooloo and Elizabeth Bay.