​​​Two Adjoining North Sydney Buildings Opposite Metro Station Have Come to Market​​

Compulsorily acquired in 2016 to assist with the development of the Victoria Cross Over Station Development, 194 and 196A Miller Street North Sydney are being offered For Sale via Expressions of Interest. 

Positioned opposite the new Victoria Cross Metro Station, adjoining Monte Sant’ Angelo Mercy College, the contiguous properties benefit from major infrastructure investment and the resulting revitalisation of North Sydney’s commercial precinct. 

Fully leased to Lendlease until December, essentially in line with the likely opening of $1.2B Victoria Cross tower, the buildings offering short term income, potential for multiple sources of future income, and various value-add propositions. Comprising 961 sqm of land and 2,274 sqm of net lettable area with 24.4m frontage to Miller Street, the properties are being offered for sale in-one-line or individually.  

The Colliers team of Tom Appleby, Joseph Lin, and Charlie Gilmour have the listing. 

Tom Appleby, Colliers’ Head of Sydney North sales, commented, “The versatile nature of these adjoining properties, coupled with the favourable planning controls, will ensure diverse competition from occupiers, investors and developers. Proximity to the Metro Station, which has been a game changer for North Sydney since it opened almost 12 months to the day, will be key.” 

The North Sydney office market is showing signs of renewed activity, with leasing volumes in the 1,000–2,000sqm range at their highest levels in two years. Appleby noted that while structural vacancy remains elevated in older assets, “Well-located buildings with strong transport connectivity are expected to see meaningful reabsorption as office stock withdrawal for residential development will reduce effective supply.” 

Colliers Asia Markets National Director, Joseph Lin, added, “The site’s flexible Mixed Use zoning, the two existing basement levels, the 24m of combined east-facing Miller Street frontage, and the rear access from McLaren Street will ensure strong engagement from both domestic and offshore development groups.” 

“The depth of retail, café and dining amenity surrounding the site, combined with direct Metro access to Martin Place and Barangaroo in under 10 minutes, makes this one of the most conveniently located opportunities to come to market in the Lower North Shore.” Colliers Investment Services Executive, Charlie Gilmour, concluded.  

194 & 196A Miller Street, North Sydney are being offered for sale in-one-line or individually via an International Expressions of Interest campaign, closing Wednesday 18 September 2025 at 3:00pm (AEST).