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390-396 Pitt Street, Sydney, NSW 2000

390-396 Pitt Street, Sydney, NSW 2000

Hotel/Leisure Offices

  • For Sale
  • EOI
  • Expression of Interest

For Sale: Prime Sydney CBD Freehold Investment

  • 7 Storey Freehold Asset
  • Fully Refurbished, Fully Leased
  • Development Upside

  • Land Area
  • 600.00 m² (approx)
  • Floor Area
  • 3,521 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 06, 2021

Interested in this property? Contact an Agent today

Knight Frank - Sydney

Level 22 Angel Place, 123 Pitt Street

Sydney NSW 2000

Mike Wheatley
Dominic Ong, Knight Frank - Sydney
Dominic Ong

For Sale: Prime Sydney CBD Freehold Investment

Knight Frank, as exclusive sales agents are pleased to present the opportunity to acquire 100% freehold interest in 390-396 Pitt Street, Sydney. This is a rare opportunity to acquire a landmark freehold asset in a prominent corner location on Pitt & Goulburn Street within Sydney’s premier entertainment district.

Mr B’s Hotel, a well-established anchor tenant operating since 2009, offers a restaurant / bar, TAB area, and 30 gaming machines.

Key investment highlights:
- A seven storey asset with ground floor & basement pub / hotel, retail, and upper level commercial and accommodation space, totalling 3,521 sqm* of NLA.
- Fully refurbished with new flooring, windows, lifts, electrical/plumbing, fire protection and air-conditioning.
- 100% leased to four established tenants, generating a Estimated Net Income of $3.1m* per annum.
- Three levels leased to a well-established anchor tenant - Mr B’s Hotel, operating since 2009, offers a restaurant & bar, TAB area, outdoor seating, and 30 gaming machines.
- Tenanted investment with council approved development upside - new concrete rooftop ready for additional floors.
- Prominent corner position

390-396 Pitt Street, Sydney, NSW 2000

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