Freehold building in the heart of booming Tech Central comes to market5 September 2023
Colliers are set to bring to market a prominent corner freehold building directly opposite Sydney’s flourishing Tech Central and Central Station projects, providing a unique opportunity to buy into one of Australia’s emerging precincts.
Boasting exposed brick and sandstone features that span across the entire façade, the building at 36 Regent Street in Chippendale is perfectly situated in arguably the best position within Sydney’s highly sought after fringe market.
The 246sqm site is being offered with vacant possession and is currently configured with 440sqm of building area. It is exclusively listed through the Colliers team of Miron Solomons and Matt Pontey, with price expectations of $7 million.
“Demand is always strong around the education precinct which is now evolving into Australia’s tech hub. There are literally billions of dollars’ worth of private and public capital being poured into the immediate area directly opposite this building which includes Tech Central and Central Station,” Mr Solomons said.
“Add this to the existing and expanding Central Park Precinct, UTS, Sydney University and Notre Dame University and you have some serious capital growth potential,” Mr Pontey added.
With ultimate flexibility due to the site’s mixed-use zoning, it is set to appeal to owner occupiers, investors, and value-add specialists looking to transform this commanding position into an incredible creative space which could see office, hospitality, education or retail end up occupying.
The building has an incredibly rich history having been built in 1926 in memory of former NSW Premier John Storey with the building originally serving as a dispensary to provide medical services to the local Chippendale community. The heritage listed property is one of the most recognisable buildings nearby the Tech Central precinct and presents an incredible opportunity to reimagine this beautifully appointed building.
36 Regent Street, Chippendale is for sale via a Public Auction on 5 October 2023.