FOR SALE
For Sale

388-390 Sussex Street
Sydney NSW 2000

Bedrooms: 3
Bathrooms: 8
Car spaces: 8
Floor area: 363m2
Land area: 363m2
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Sydney CBD Mixed Use Freehold + DA Approval for 140 Room Hotel

140 bed | 140 bath | 7 car
• 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

388-390 Sussex St, Sydney is a 3 bedroom, 8 bathroom Other with 8 parking spaces. The property has a land size of 363m2 and floor size of 363m2. The place is currently for sale with Ray White Double Bay.

Building Type
Other
Floor Size
363m2
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 23,942 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 195 properties listed for sale, and 376 properties listed for rent in Sydney on OnTheHouse. According to CoreLogic's data, 675 properties were sold in the past 12 months in Sydney.

Suburb Insights for Sydney 2000

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Warren Ginsberg
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Pamela Pang
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Ray White Double Bay
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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.