A unique opportunity for a developer to purchase this DA approved redevelopment site situated in the world class city of Sydney's dynamic precinct and gain a position in the city's internationally sought-after hotel market.
Envisioned is a 31-storey hotel, the DA building envelope has been approved to construct a gross floor area (GFA) of 4,380 sqm. The approved building height is approx 115 metres. This property offers the new owner flexibility over internal design, market positioning, brand and operating structure.
This site is one of the last development opportunities of its kind to come to market, as proposed planning controls may restrict future developments above 55 meters for sites less than 800 sqm.
This property represents an opportunity to gain a foothold in Sydney's sought after hotel market. NOTE: IM REPORT AVAILABLE ON REQUEST.