201 & 204, 165-167 Phillip St,
Sydney, NSW 2000

Lots 201 and 204, 165-167 Phillip St, Sydney represent a combined CBD investment and value-add opportunity comprising of a stratum hotel investment with long term lease to Travelodge and a stratum commercial of lease and vacant offices plus basement level fitness centre.

The property is offered on behalf of the NSW Leagues' Club Ltd, which will retain the freehold in stratum lots 202 and 203 for the continuing operation of the Club.

The offering is located in a high demand location in the centre of the CBD, close to Martin Place and the law courts. The income is from a diversified stream from hotel, office, parking and basement uses. There is an ongoing 2.5% share in hotel revenue for the term of the hotel lease providing an upside as Sydney hotel room rates rise.

There is the immediate opportunity to refurbish and lease or occupy the vacant office levels, with potential for future development.

This property is for sale by Expressions of Interest closing Thursday 14th March 2013.