One of the only unimproved commercial development sites in the Sydney CBD Fringe with DA approval has come to market in the heart of the innovation corridor.
The 2,761sqm listing at 86-92 Harris Street in Pyrmont is currently configured as a non-operational car park, providing the incredibly rare opportunity to immediately develop the site from the ground up.
The approved DA will allow the incoming purchaser to construct a five-storey building with two underground parking levels designed by renowned architects SJB.
The Colliers team of Matthew Meynell, James Girvan and Catherine Scott have the exclusive listing, with major interest expected from a vast range of investors locally and abroad, driven by the location’s positive fundamentals for growth.
“The advantageous opportunity of developing this site will appeal to owner occupiers and investors alike. With the site sitting amongst our city’s innovation corridor, it will provide the chance to deliver a futureproofed asset in a thriving destination attracting new talent and businesses,” Mr Meynell said.
Currently zoned B3 Commercial, the site sits within the Pyrmont Peninsular Place Strategy zone, a 20-year State Government-endorsed framework that has a major focus on unlocking jobs and economic growth, while also fostering a 24-hour culture.
Neighbouring The Star City Casino and notable prime office spaces on Harris Street, major infrastructure improvements will revolutionise the precinct, creating a low-carbon, high performance precinct. The Pyrmont/Ultimo precinct will see approximately 4,000 new homes and 8,500 new residents by 2041, and The Star City Casino Masterplan will also aim to deliver a luxury six-star hotel, two new theatres and brand-new rooftop dining experience.
The surrounding area has been dominated with investment from globally recognised institutions including Dexus, Mirvac and GPT, as well as a stream of offshore capital. The precinct continues to attract high-profile occupiers as well, with Google, Sony, WeWork and Publicis all calling it home.
A 100 per cent freehold interest in 88 (86-92) Harris Street, Pyrmont is offered for sale via International Expressions of Interest closing 4:00pm (AEST) on Thursday 4th May, 2023.