FOR SALE
Auction

651 George Street
Haymarket NSW 2000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 191m2
Land area: 191m2
Auction Time
Wed 13 Nov 10:30 am
Inspection Times
No upcoming inspections scheduled.
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UNIQUE CBD FREEHOLD BUILDING, DUAL STREET FRONTAGES, PRIME LOCATION WITH DEVELOPMENT UPSIDE

We are pleased to present 651 George Street, Haymarket.
651 George Street, Haymarket is an exceptional opportunity in the heart of CBD. Featuring dual street frontages to George and Sussex Streets, this 100% freehold property boasts favourable planning controls with 1,432.5 sqm* potential GFA.
• Rare 100% freehold interest with premier George Street and Sussex Streets frontages
• Favourable planning controls: 7.5:1 FSR, 50m height limit
• 191sqm* site, 1,432.5 sqm* GFA potential, existing income
• A development application for a 42 room boutique hotel, with commercial/retail space on the ground floor, is being prepared for final submission to the City of Sydney Council. A copy of the full DA package will be provided upon request
• Adjacent to Chinatown Light Rail Station, high pedestrian traffic
• Rare opportunity with flexible value-add potential
• Positioned for investment in the Tech-Central & Darling Harbour Precinct and the City of Sydney has unveiled a $44 million Haymarket revamp plan, creating a prime opportunity for forward-looking investors
• Located at the exclusive end of Chinatown - the NSW government has committed over $3.4 billion to develop exciting new infrastructure and transport hubs, including the Darling Harbour line, Town Hall Metro line, the new Central Metro station & the light rail.
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Property Details for 651 George St, Haymarket

Building Type
Commercial
Floor Size
191m2
Land Size
191m2

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About Haymarket 2000

The size of Haymarket is approximately 0.5 square kilometres. It has 3 parks covering nearly 8.3% of total area. The population of Haymarket in 2011 was 5,376 people. By 2016 the population was 7,364 showing a population growth of 37.0% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Haymarket work in a community and personal service occupation. In 2011, 31.6% of the homes in Haymarket were owner-occupied compared with 25.1% in 2016..

Haymarket has 6,172 properties. Over the last 5 years, Houses in Haymarket have seen a 50.60% increase in median value, while Units have seen a -7.82% decrease. As at 30 September 2024:

  • The median value for Houses in Haymarket is $1,140,269 while the median value for Units is $1,067,044.
  • Houses have a median rent of $1,000 while Units have a median rent of $1,150.
There are currently 40 properties listed for sale, and 43 properties listed for rent in Haymarket on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Haymarket.

Suburb Insights for Haymarket 2000

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Contact agent
Phillip Elmowy
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John Skufris
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RWC South Sydney
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.