DA approved iconic landmark within Sydney’s coveted and tightly held Potts Point market

Details

I.B Property in conjunction with JLL is pleased to introduce a remarkable opportunity to acquire a DA approved iconic landmark within Sydney’s coveted and tightly held Potts Point market.

OPPORTUNITY HIGHLIGHTS

– Generational opportunity to re-imagine one of Sydney’s most culturally iconic former theatres ‘The Minerva’.
– Efficiently designed and valuable DA approval to re-vitalise the heritage building and create a versatile fusion of upscale hospitality and entertainment venue in addition to a lavish 63-room, 5-star boutique hotel.
– Favourable MU1 – Mixed Use zoning allowing alternate redevelopment options such as creative commercial office or premium residential which capitalises on the approved floor area.
– A substantial freehold 1,267 sqm* land holding across a level corner site with two street frontages.
– Ideally located within Sydney’s city fringe one of the most tightly held and scarce development destinations.
– Well-maintained and quality building attributes comprising of 2,326sqm* GLA with clear scope for additional floor area (STCA) and secure basement parking for 10 vehicles.
– Optimally positioned within 2km* to Sydney CBD with excellent connectivity throughout Sydney via public transport at Kings Cross Station and easily accessible to major arterial roads, tunnels and motorways.
– Situated in the vibrant harbourside suburb of Potts Point famous for its cultural charm, and renowned for its abundance of cafes, upmarket restaurants, trendy bars, and the illustrious Kings Cross precinct.

The Minerva, 28-30 Orwell Street, Potts Point is for sale by way of International Expressions of Interest, closing 3:00pm (AEDT) 19 February 2024.

For more information please contact Shane Blackett 0410 093 392 and Steffan Ippolito 0403 347 111.