311-317 Sussex Street, Sydney

Key development highlights:

1. DA Approval for 131-room hotel D/2024/483/C was approved in January 2026 for a 17-storey, 131-room hotel development comprising of 5,445 sqm of total gross floor area (GFA).

1. Previous Student Accommodation DA D/2018/686/A (now lapsed) was approved in December 2018 for 83 rooms and 9 apartments comprising of 4,750 sqm of GFA. This gives an incoming purchaser the flexibility to pursue the live hotel scheme, revisit the student accommodation scheme or pursue an alternative use (STCA).

1. Exceptional transport connectivity Town Hall train station and light rail are just 300m* away and Gadigal metro station is only 500m* away, providing Metro access to Central in 2 minutes, Martin Place in 2 minutes and Barangaroo in 4 minutes.

1. Strategic positioning between two demand drivers. The site sits directly between the CBD core and Darling Harbour and is close to UTS, World Square, Chinatown, Darling Square and ICC Sydney, supporting multiple end uses (hotel, student accommodation and residential).

1. Rare 100% freehold CBD landholding. A clean, unencumbered 536 sqm* site with dual frontage (25.3m* to Sussex Street and 25.3m* to James Lane) is scarce in this part of the Sydney CBD.

1. Supportive hotel market fundamentals. JLL Research notes Sydney CBD hotel supply growth of only ~1.9% p.a. over five years, a low future pipeline (just 1,344 rooms under construction to 2029) and strong RevPAR growth (+6.7% YTD September 2026), reinforcing the investment case for the hotel approval.

1. Validated hotel precinct. The adjoining Vibe Hotel Darling Harbour (145 rooms) demonstrates proven hotel performance next door, which highlights the strength of the location.

1. Holding income potential. The existing three-storey, 1,600 sqm* commercial building can provide interim holding income while a buyer progresses design and construction planning.

*Approximate

For Sale by Expressions of Interest closing 4pm, Tuesday 1st December 2026.