47-97 Marlborough Street, Surry Hills
A unique land rich Surry hills trophy
Office(s)
For Sale
Inspection Times
Property Information
- Land area approx 3413sqm
- Floor area approx 8710sqm
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Exceptionally rare underdeveloped site
Two adjoining character filled buildings
5.5 star NABERS energy rating
THE AGENCY AND JLL 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 5730sqm* 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 facilitiesEstimated 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.
Location and Amenities
Nearby Government Schools
Sydney Distance Education Primary School, Bourke Street Public School, Sydney Boys High School, Crown Street Public School, Sydney Girls High School, Darlinghurst Public School, Paddington Public School & Green Square SchoolNearby Private Schools
Oasis College Surry Hills, Australian Institute of Music, Redfern Jarjum College, SEDA College NSW, Our Lady of Mount Carmel Catholic Primary School, Key College, Taylors College & Oxford College, SydneyContact Michael Laing for more information.
Information