Hornsby retail building to hit the market
A four storey retail and commercial building with three street frontages in the Sydney northern suburb of Hornsby is on the market.
The 108 George Street property features 4,397 sqm of lettable space and has a ground floor retail showroom, three levels of commercial or office accommodation and three levels of basement parking for 86 vehicles.
Retail and office space is currently 100 percent occupied, with leases to Officeworks, the NSW State Government, United Protestant Association of NSW and Australian Unity. Midas Australia has a10 year lease on neighbouring land.
The property is represented through Matthew Dunn and Tim Grosmann of Savills and Talbot and Dominic Ong of Knight Frank.
Tyler Talbot said the site has been approved for B4 Mixed Use zoning under the Hornsby Local Environmental Plan 2013, and could lend itself to a significant mixed use development.
“It is feasible to achieve a high quality mixed use development comprising a 12 storey mixed use tower with approximately 100 marketable apartments and 2,500 sqm commercial/retail space,” he said.
108 George Street is being sold via expressions of interest through Savills and Knight Frank, closing Thursday, 1 June.
