Sydney CBD Leased hospitality & accomodation asset with Development Approval for sale by JLL
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Sydney CBD Leased hospitality & accomodation asset with Development Approval for sale by JLL
JLL Hotels & Hospitality Group has been exclusively appointed to offer for sale 7-9 Wilmot Street, Sydney NSW 2000, approximately 127 bed Backpackers leased to an experienced operator. The freehold site has development approval for conversion to a 58-key boutique hotel– located in the heart of Sydney’s Central Business District (CBD).
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JLL
JLL Hotels & Hospitality Group has been exclusively appointed to offer for sale 7-9 Wilmot Street, Sydney NSW 2000, approximately 127 bed Backpackers leased to an experienced operator. The freehold site has development approval for conversion to a 58-key boutique hotel– located in the heart of Sydney’s Central Business District (CBD).
The Property is currently trading as Sydney Backpackers and features approximately 127 beds with a ground floor restaurant, all leased to an experienced operator. The freehold site has development approval for conversion to a 58-key boutique hotel.
Artist impression. Source: JLL.
The Property is located in close proximity to a number of new major developments and the new Pitt Street Metro Station, and is well suited for a number of alternative uses including co-living, co- working and student accommodation.
New transport infrastructure including the recently opened George Street Light Rail and the new Pitt Street Metro Station, currently under construction and due for completion in 2024, which will ensure quick and easy access throughout the CBD. To the south is Sydney’s emerging 'Silicon Valley' at Central Station where Atlassian, as well as listed property giants Dexus and Frasers Property are developing a multi-billion dollar technology precinct.
Artist impression. Source: JLL.
“7-9 Wilmot St presents investors an entry level Sydney CBD freehold opportunity with an experienced tenant, in a prime central location, and the potential to develop into a boutique hotel or explore alternative uses with holding income” noted Andrew Langsford, Senior Vice President of JLL Hotels & Hospitality Group.
7-9 Wilmot Street, Sydney is being offered for sale via Expressions of Interest. For further information, please contact JLL Hotels & Hospitality Group via the contact from below.
To view the listing with more information click here.
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