This article is from the Australian Property Journal archive
A GOULBURN Street office building in Sydney’s CBD with significant development potential and a height allowance of up to 110 metres has sold.
The corner site at 98-104 Goulburn Street has three frontages and was sold for $20.5 million by Knight Frank agents Andy Hu, Jonathan Vaughan, Dominic Ong, John Bowie Wilson.
The six-level building of 1,658sqm fully is leased to Kaplan International College on a five-year deal until the end of August.
The property’s B8 zoning also provides scope for a floor-space ratio of 14:1.
It has a 16-metre frontage to Goulburn Street and of 19 metres to Nithsdale Street.
This transaction is the first of many deals to come, with Singaporean Group Roxy-Pacific putting 59 Goulburn Street nearby to the market with hopes of about $150 million, having bought it from a Charter Hall fund for $90 million in 2014, whilst GDI Property Group has earmarked its 66 Goulburn Street asset for sale.
Australian Property Journal
