For the first time in more than 50 years, a rare opportunity to acquire a substantial property holding in premium inner-city Sydney is being brought to market through JLL & The Agency.
Marlborough House at 47-97 Marlborough Street, Surry Hills, is expected to sell for more than $100 million.
JLL Senior Director, Capital Markets – NSW James Aroney said: “In Surry Hills, a market where investment and development opportunities are scarce, this unique opportunity is expected to generate considerable interest from both local and international buyers, given its rarity and prime location within Sydney’s inner fringe.”
The landholding of 3413 sqm is significant and benefits from a highly favourable MU1 mixed-use zoning, with the potential to add up to approximately 5730 sqm of GFA, subject to council approval.
“The site is uniquely placed to retain most of the existing improvements whilst providing the opportunity to redevelop a significant portion for various clearly definable development options, including residential and mixed-use possibilities, subject to council approval (STCA),” Mr Aroney added.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.