47-97 Marlborough Street,
Surry Hills, NSW 2010
Offices • Other • Development Sites & Land
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Map of 47-97 Marlborough Street
Train stations within 5 km of 47-97 Marlborough Street, Surry Hills, NSW 2010 Distance Central Station 779 m NSW Trainlink 820 m Capitol Square Light Rail Station 1.2 km Redfern Station 1.2 km Waterloo Station 1.3 km POWERED BY HERE ©Tram stops within 5 km of 47-97 Marlborough Street, Surry Hills, NSW 2010 Distance Surry Hills 204 m Central Chalmers Street 704 m Central Station Light Rail 926 m Capitol Square Light Rail Station 1.2 km Paddy's Markets Light Rail Station 1.3 km POWERED BY HERE ©Bus stops within 5 km of 47-97 Marlborough Street, Surry Hills, NSW 2010 Distance Cleveland St at Marlborough St 125 m Crown St at Miles St 155 m Cleveland St at Baptist St 162 m Crown St Opp Lansdowne St 199 m Cleveland St Before Crown St 200 m POWERED BY HERE ©
POWERED BY HERE ©
A unique land rich Surry hills trophy
- Exceptionally rare underdeveloped site
- Two adjoining character filled buildings
- 5.5 star NABERS energy rating
JLL AND THE AGENCY ARE PRIVILEGED TO PRESENT FOR SALE FOR THE FIRST TIME IN OVER 50 YEARS, 47-97 MARLBOROUGH STREET, SURRY HILLS.
This significant offering comprises two adjoining character filled office / showroom buildings on an exceptionally rare, underdeveloped site of 3,413sqm* offering multiple development options and the potential for an additional 5,730sqm* GFA (STCA).
Originally constructed in 2 stages between 1914-1934 as the purpose-built factory for David Jones, the property has been extensively repositioned and is currently configured into highly desirable & sustainable office suites and showrooms.
Investment highlights
•An exceptional opportunity to acquire two adjoining character filled buildings, with four sides of natural light, ideal floor plate configuration, high 4.2m ceilings, and large double hung sash windows offering stunning district views.
•Extensively refurbished over recent years, the assets are 97% leased on effective rents providing a secure and sustainable cash flow with strong rental growth.
•Prime location within the inner city’s most desirable suburb the assets benefit from excellent proximity to transportation hubs, essential infrastructure, and an array of lifestyle amenities.
•Access to Australia’s best performing office market Surry Hills which has the lowest vacancy rate of all 19 major office markets nationally at 6.8% as at Q1 2024 compared to Sydney CBD at 14.3%^
•Existing NLA 8,710sqm* plus 49 car parking spaces and end of trip facilities
•Estimated Net Income (fully leased) $3.45m*
•5.5 star NABERS energy rating
*Approximate
^ source JLL Research
A 100% freehold interest in 47-97 Marlborough Street, Surry Hills is for sale via Expressions of Interest closing on Wednesday 12th June 2024 at 3:00pm (AEST).
This significant offering comprises two adjoining character filled office / showroom buildings on an exceptionally rare, underdeveloped site of 3,413sqm* offering multiple development options and the potential for an additional 5,730sqm* GFA (STCA).
Originally constructed in 2 stages between 1914-1934 as the purpose-built factory for David Jones, the property has been extensively repositioned and is currently configured into highly desirable & sustainable office suites and showrooms.
Investment highlights
•An exceptional opportunity to acquire two adjoining character filled buildings, with four sides of natural light, ideal floor plate configuration, high 4.2m ceilings, and large double hung sash windows offering stunning district views.
•Extensively refurbished over recent years, the assets are 97% leased on effective rents providing a secure and sustainable cash flow with strong rental growth.
•Prime location within the inner city’s most desirable suburb the assets benefit from excellent proximity to transportation hubs, essential infrastructure, and an array of lifestyle amenities.
•Access to Australia’s best performing office market Surry Hills which has the lowest vacancy rate of all 19 major office markets nationally at 6.8% as at Q1 2024 compared to Sydney CBD at 14.3%^
•Existing NLA 8,710sqm* plus 49 car parking spaces and end of trip facilities
•Estimated Net Income (fully leased) $3.45m*
•5.5 star NABERS energy rating
*Approximate
^ source JLL Research
A 100% freehold interest in 47-97 Marlborough Street, Surry Hills is for sale via Expressions of Interest closing on Wednesday 12th June 2024 at 3:00pm (AEST).
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Property ID: 504590376Last Updated: 16 May 2024
47-97 Marlborough Street
Surry Hills, NSW 2010
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
The Agency - NSWLevel 3, 399 Cleveland Street
SURRY HILLS, NSW 2010
SURRY HILLS, NSW 2010
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