549 Harris Street, Ultimo

549 Harris Street Ultimo, NSW Australia 2007
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Year Built N/A
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Property description

JLL in conjunction with CBRE are pleased to present 549 Harris Street, Ultimo - a compelling value-add opportunity in Sydney’s dynamic City Fringe market.

Currently operating as a Data Centre and 100% leased until September 2024, the asset presents multiple future propositions including significant rental reversion, next-generation office or last mile logistics redevelopment (STCA).

Ultimo is set to benefit from infrastructure projects underpinned by a Government endorsed planning strategy focused on the transformation of the precinct.

Investment highlights

Key investment highlights include:

  • Existing 4 storey asset comprising 5,604sqm* GLA with upper levels views of Sydney CBD
  • Situated on a significant, regular shaped site of 1,341sqm* and zoned B1 Neighbourhood Centre
  • Reposition into creative office, modern Data Centre or last mile logistics centre
  • Currently operating as a Data Centre and leased until 2024 with no further Options
  • Directly opposite Sydney's Powerhouse Museum, set to be transformed into a $480m Fashion & Design hub led by NSW Govt.
  • Passing net income of $2.06m* ($368psm*) provides genuine rental growth opportunity


NABERS RATINGS; Exempt - due to current use

100% freehold interest in 549 Harris Street, Ultimo is being offered by International Expressions of Interest closing 3:00pm (AEDT) Thursday 31st March, 2022.

For further information or to arrange an inspection, please contact the exclusive selling agents.

Last Updated Date: 12 May 2022

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Last Updated Date: 12 May 2022

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