THE PROPERTY DEVELOPMENT REVIEW
This super-prime development site in the heart of the James Street precinct is currently improved with two commercial buildings, both 100% leased, and offers multiple opportunities (STCA^) including: - Develop a luxury project - residential, hotel, commercial, mixed-use; or - Invest and secure this trophy asset as a passive intergenerational investment; or Land Bank and occupy or lease the existing commercial buildings. - Located in the heart of the James Street precinct diagonally opposite the highly acclaimed 5-star Calile Hotel. - The property has existing improvements comprising two commercial buildings (1,769m²* GLAR and 24 car parks*) currently 100% leased to strong tenant covenants, providing a holding net income of $1,187,907 per annum*. - The existing tenancy profile of the property, and demolition clauses in leases, allows for vacant possession of the site to be obtained in 2028 (or potentially sooner by negotiation). - Rare opportunity to join a highly coveted ownership group within the James Street retail precinct which has largely consisted of the same owners since the precinct's inception. - Irreplaceable landholding.
For sale via Expressions of Interest campaign closing Thursday 14 May 2026 at 1.00pm (AEST).
Tom Barr +61 405 144 352
*Approximately (radial km) ^Subject to Council Approval
April / May 2026 – 79
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