Rare 100% freehold interest
Dual street frontages
High pedestrian traffic
651 George Street is a three level building with dual premier street
frontage on both George Street and Sussex Street at the foot of
Chinatown light rail, Market City, World Square, Tech Central &
Central Station. The location benefits from the City of Sydney's
$44M master plan strategy for Haymarket and Chinatown,
creating a prime opportunity for investors.
The only fully leased freehold building currently for sale in the
Southern CBD in the sub - $10m range.
High pedestrian traffic offering scope to hold, refurbish, extend
on the current structure or develop to add value and increase yields.
FSR 7.5:1, 50 metre height limit and all leases contain early termination
clauses for refurbishment/development.
The property must be sold and all reasonable offers above $7m will
be considered by the vendors.
Information Memorandum provided on request, inspect by prior appointment only.
The size of Haymarket is approximately 0.5 square kilometres. There are 3 parks, covering nearly 8.3% of the total area. The population of Haymarket in 2016 was 7353 people. By 2021 the population was 8305 showing a population growth of 13.0% in the area during that time. The predominant age group in Haymarket is 20-29 years. Households in Haymarket are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Haymarket work in a professional occupation.In 2021, 19.80% of the homes in Haymarket were owner-occupied compared with 25.10% in 2016.
Haymarket has 6,246 properties. Over the last 5 years, Houses in Haymarket have seen a 10.87% increase in median value, while Units have seen a -5.60% decrease. As at 30 June 2026:
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