SOLD
Sold on 14 Mar 2024 for $1,200,000

505/315-321 Pitt Street
Sydney NSW 2000

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 505/315-321 Pitt St, Sydney

Building Type
Commercial
Local Government
Sydney
Lot/Plan
21/SP66164

Last Listing description (September 2023)

Ray White Commercial Asian Investment Services, as the exclusive selling agent, is excited to introduce an incredible opportunity to purchase four adjoining premium commercial suites in one line or separately in the Town Hall vicinity via private treaty.

Known as "Macdonell House," 315-321 Pitt Street is one of Sydney's modern commercial buildings attached to significant historical value.

It is conveniently located between Town Hall and Hyde Park, moments away from Town Hall Station and Pitt Street Metro Stations. It is soon to become the busiest transportation hub in Australia, with hundreds of thousands of commuters to and from every corner of Greater Sydney to work, study, play and transact business.

Highlights of the properties are outlined below:

Four adjoining high-quality commercial suites next to Town Hall
Areas from 49 sqm* to 79 sqm*
Offered for sale in-one-line or separately
Versatile lease terms to cater to owner-occupiers and investors
Modern commercial building holding significant historical value
Heart of Sydney CBD with hundreds of thousands of daily passing traffic
Refurbished in 2021 with new floors and fresh paint
After-hour building access via intercom system
City skyline views overlooking Pitt Street
High ceilings and ample natural light throughout
Communal kitchen, male, and female amenities
Within 100m* of Pitt Street Metro Station and Town Hall Station
Easy access to Sydney's best restaurants, cafes, and bars
Close to Darling Harbor, QVB, Hyde Park, and Chinatown

For more information, please contact the exclusive agents.

*Approx.

Property History for 505/315-321 Pitt St, Sydney, NSW 2000

A timeline of how this property has performed in the market
Last Sold
$1,200,000
14 Mar 2024
  • 14 Mar 2024
    Sold for $1,200,000
  • 04 Jul 2023
    Sold for $810,000
  • 30 Apr 2023
    Listed for Sale Price From $661,500.00
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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 24,243 properties. Over the last 5 years, Houses in Sydney have seen a 135.77% increase in median value, while Units have seen a -0.34% decrease. As at 31 July 2024:

  • The median value for Houses in Sydney is $678,640 while the median value for Units is $1,086,255.
  • Houses have a median rent of $850 while Units have a median rent of $950.
There are currently 166 properties listed for sale, and 362 properties listed for rent in Sydney on OnTheHouse. According to CoreLogic's data, 714 properties were sold in the past 12 months in Sydney.

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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.