An Unrivalled City Fringe Freehold Gem anchored by one of Australia’s fastest growing Tech Companies

IB Property in conjunction with Mercer Property are thrilled to offer the recently refurbished commercial freehold warehouse conversion located at 35-45 Myrtle Street, Chippendale. Built in the 1930’s and formerly known as La Gonda House, 35-45 Myrtle Street Chippendale is an inspiring city fringe commercial building with three sides of natural light and a separate, adjoining residential terrace, of which the commercial premises has recently undergone an extensive $5,000,000 refit.

Situated on a prime corner occupying 670sqm* of land, this property offers unparalleled exposure in Sydney’s Tech Central Precinct. Surrounded by prestigious institutions including Sydney University, UTS, Notre Dame, and the burgeoning Tech Central precinct, the location has continued to be one of the most sought after in the city fringe.

The commercial building spans two floors totalling 1,062sqm* of Net Lettable Area (NLA) and has recently been anchored by one of Australia’s fastest growing Tech Companies Q-CTRL.  Q-CTRL are leaders in quantum technology development and have pioneered quantum infrastructure software. Q-CTRL’s customer base includes Fortune 500 companies, startups, national research labs, and academic institutions, as well as Australian Dept of Defence. Their lease runs to October 2029.

The versatile corner asset combines the two level commercial building with a two level adjoining residential terrace featuring 124sqm of internal area providing a total of 1186sqm of NLA across the freehold.

The I.B Property team of Shane Blackett and Steffan Ippolito along with Tom Speakman of Mercer Property have the listing, on behalf of the vendor. “The Sydney city fringe market has been the most resilient commercial market in the country, with Chippendale leading the way on the back of the multibillion dollar Tech Central Precinct,” Mr Blackett said.

Steffan Ippolito added, “The tenant has recently set a global quantum technology fundraising record, with investors including Fortune 500 Clients and Government Departments and agencies providing arguably the most secure investment on the market”

Tom Speakman said, “The inclusion of the adjoining residential terrace provides a diversified income for a prospective investor, with future residential conversion opportunities.”

I.B Property and Mercer Property exclusively offer 35-45 Myrtle Street, Chippendale for sale via Expressions of Interest closing on Thursday, 21st November at 4 pm.