140 Elizabeth Street, Sydney_Property for Sale

140 Elizabeth Street, Sydney, NSW, 2000, AU

140 Elizabeth Street, Sydney

Asset Description

JLL are pleased to exclusively present a unique opportunity to partner with The Salvation Army to undertake a redevelopment* of their site at 140 Elizabeth Street, Sydney.

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Attributes

Building area Gross

1,040 m²

Occupancy

86.00%

Year built

1990

Media

Investment Highlights

A strategically located, underdeveloped 1,038sqm site with 3 street frontages and potential to develop up to 15,985sqm of GFA
Proximate to all forms of public transport, less than 100m from Hyde Park and on the cusp of the Surry Hills F&B precinct
With vacant possession in 2026, the opportunity exists for a development partner to enter into a capital efficient, structured transaction, that allows time to achieve a planning outcome and take advantage of the future market potential.
Partner with a renowned Australian charity, The Salvation Army, to provide them with exemplar community facilities, as part of the future development.

(*Whilst it’s The Salvation Army’s preference to partner with a developer and retain part ownership, they will also consider offers to sell the property outright with no future interest).

Responses to the Stage 1 EOI process must be received by 4:00pm AEST on Friday 30 June 2023. For further information, please contact the exclusive agents.