so far as statuesque, freestanding, landmark buildings are concerned; the entirely unique and former Salvation Army Citadel on Goulburn St in Sydney's famed Chinatown, is about as rare as they come.

Situated upon an imposing 565sqm site, the currently vacant and wholly restored immaculate property enjoys a commanding street frontage and natural light from three sides given its alluring architecture.

Recently restored by current owners, the extraordinary freehold property comes to sale via an International Expression of Interest campaign being exclusively managed by national brokerage agencies, HTL Property and Colliers.

“Historical buildings in the Sydney CBD promoted by such scale, flexibility, unmistakable aesthetic beauty and stand alone nature are, frankly, extremely rare” advised HTL Property's Managing Director, Andrew Jolliffe.

Being the recent recipient of a full BCA upgrade, and multiple new services introduced across all four levels, the 1694sqm of GFA situated in the epicentre of Chinatown and adjacent the ever-bustling World Square precinct is ripe for both owner occupiers and/or astute investors looking to secure a significant and prime commercial property holding in the most tightly held precinct in Sydney.

“As one of Sydney’s most iconic urban villages, the City of Sydney recognises the importance of the Haymarket and Chinatown precinct to the cultural fabric of Sydney. Earlier this year, the Council launched a public domain plan and revitalisation strategy, which is set to reignite the location for future generations and provide the next owner with a great opportunity to create an investment that will benefit from this.

With the recent revitalisation of 27-33 Goulburn Street, it has become exceptionally appealing. The meticulous efforts of the current owner have already positioned the property favourably”, said Colliers Investment Services Managing Director, Matthew Meynell.

“Given its strategic location in Chinatown and its position on a prominent street, we are highly confident that there will be significant interest from both local and offshore Asian investors. In 2023, approximately $6.4 billion of Asian capital flowed into the Australian property market, with 25% of this investment directed towards retail and hotel assets” said Colliers Asia Markets National Director, Joseph Lin.

“Generating more than $3.64 billion in revenue each year, and with more than 4,600 businesses employing in excess of 32,000 people, Sydney’s nighttime economy underwrites the huge revenue attraction that is enjoyed by properties with scale and a geographical relationship to concentrated people numbers and infrastructure” commented HTL Property's Managing Director, Andrew Jolliffe.

“Concerted local and state government efforts have been Sydney’s well documented focus on continuing to grow its already hugely prosperous nighttime economy and intersects well with this property; particularly given its epicentre location and proximate positioning to the most active entertainment and hospitality components of the CBD” added HTL Property's Managing Director, Andrew Jolliffe.

The once in a lifetime free standing property at 27-33 Goulburn St in Chinatown is being exclusively sold by HTL Property and Colliers via an International Expression of Interest Sale Process concluding at 4pm on Wednesday, 24 April, 2024.

Historic Chinatown Landmark for Sale - HTL Property and Colliers