This article is from the Australian Property Journal archive
SYDNEY’S waterfront Opera Retail complex is being offered for sale with expectations of more than $40 million.
The 980 sqm retail site at 71 Macquarie St is anchored by high-end fashion brands and a two chefs’ hat-restaurant and is at the bottom of the luxury 104- apartment Opera Residences development, which late last year achieved a record of $27 million for Australia’s most expensive penthouse apartment.
Knight Frank Andy Hu and James Aroney are marketing the property alongside Belle Property Commercial’s Andrew Vines.
“The precinct plays many roles as a centre for business, tourism and transport, and also forms a significant part of Australia’s cultural identity,” Hu said.
“Opera Residences’ ultra-luxury apartments have set the benchmark for Australian prestige residential sales and Opera Retail will follow, as part of an opulent high-end retail strip in the heart of Sydney’s CBD,” he said.
Developed by Macrolink and Landream, the site offers exposure to Circular Quay with direct frontage to the busy promenade and harbour views.
Aroney said the multi-billion dollar projects at AMP Capitals’s Quay Quarter, Lendlease’s Circular Quay Tower, and Wanda Groups’ hotel and apartment development will add significantly to creating a vibrant mixed-use precinct in Circular Quay.
Australian Property Journal
