FOR SALE
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388-390 Sussex Street
Sydney NSW 2000

Bedrooms: -
Bathrooms: -
Car spaces: 7
Floor area: 1288m2
Land area: 363m2
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Sydney CBD Mixed Use Freehold + DA Approval for 140 Room Hotel

Sydney CBD Mixed Use Freehold + DA Approval for 140 Room Hotel
Prime corner site of 362.80m²*
Existing NLA of 1,287.7m²*
DA approved for 140 hotel rooms
Located in Sydney CBD's Southern precinct, 388-390 Sussex Street is a six-storey mixed use commercial building constructed in 1979, providing for a retail tenancy at ground floor, one level of parking above, and four storeys of commercial office floor space at upper levels.
DA Approved permitting a 15-storey hotel development accommodating 140 rooms, 3 basement levels, public art and public domain improvements.
Strategically positioned between Chinatown and Sydney's core business district. The property enjoys two street frontages being Sussex Street and Eagar Lane, sitting on a single allotment of 362.8m²*.
Key property Highlights:
- Prime corner site of 362.80m²*
- Freehold mixed-use building with 1,287.70m²* NLA
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Property Details for 388-390 Sussex St, Sydney

Building Type
Commercial
Floor Size
1288m2
Land Size
363m2

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About Sydney 2000

The size of Sydney is approximately 3 square kilometres. It has 16 parks covering nearly 33.5% of total area. The population of Sydney in 2011 was 14,307 people. By 2016 the population was 17,261 showing a population growth of 20.6% in the area during that time. The predominant age group in Sydney is 20-29 years. Households in Sydney are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sydney work in a professional occupation. In 2011, 33.6% of the homes in Sydney were owner-occupied compared with 29.1% in 2016.

Sydney has 23,924 properties. Over the last 5 years, Houses in Sydney have seen a -71.84% decrease in median value, while Units have seen a 5.01% increase. As at 31 October 2024:

  • The median value for Houses in Sydney is $502,395 while the median value for Units is $1,163,718.
  • Houses have a median rent of $800 while Units have a median rent of $950.
There are currently 185 properties listed for sale, and 375 properties listed for rent in Sydney on OnTheHouse. According to CoreLogic's data, 665 properties were sold in the past 12 months in Sydney.

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Zorick Toltsan
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RWC Eastern Suburbs
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