_Inner Sydney building leased to Space Q capsule hotel up for sale

• 752 George Street in Haymarket, which is leased to Space Q capsule hotel is up for sale
• The property consists of a high-profile ground floor and mezzanine level retail space leased to Hisshou Teppanyaki, and four upper levels of accommodation leased by Space Q
• The property is owned by Roje Brothers Pty Ltd, which held has the property for 30 years, since 1992
• It is being taken to the market via an Expressions of Interest campaign run by Knight Frank and Dominic Ong

Sydney, Australia – An inner Sydney property home to Sydney’s iconic Space Q capsule hotel is up for sale 

The fully-leased building at 752 George Street in Haymarket consists of a high-profile ground floor and mezzanine level retail space leased to Hisshou Teppanyaki, and four upper levels of accommodation leased by Space Q.

It has 966 sqm of gross lettable area, including 180sq m on the ground floor and 786 sqm over levels one to four, and sits on a 231 sqm site.

The property is being taken to the market via an Expressions of Interest campaign run by Knight Frank agents Linda Zhu, Dominic Ong in conjunction with Savills’ agents Andy Hu and Jordan Lee.

The property is owned by Roje Brothers Pty Ltd, which has held the property since 1992, says local director and solicitor Raymond Lee.

Ms Zhu said the prime freehold asset was expected to attract a wide range of investors due to its location in the tightly-held George Street, prominent street frontage and a range of value-add opportunities.

“The property is fully leased, providing a strong holding income but it also has favourable planning controls with a 50-metre height limit.

“Occupying a prominent George Street position, the property is situated in the growth corridor of the New South Wales Government’s multi-billion-dollar Tech Central precinct next to Sydney’s Central Station.

Mr Hu said: “We are seeing a lot of active offshore capital actively chasing for opportunities within that precinct.

“Premium retail offerings along this section of George Street are rarely offered to the market and the high -exposure location of this asset is second to none.”

For further information, please contact:

Vanessa De Groot – Marketing & Communications, Knight Frank
Vanessa.degroot@au.knightfrank.com +61 410 460211

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Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 16,000 people operating from 384 offices across 51 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the firm, please visit knightfrank.com.