BreakFree on Clarence Sydney - SOLD

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Sold for 30,000,000 AUD Rooms: 50
Price Per Room: 600,000 AUD
Property Id : 29059

JLL Hotels & Hospitality Group is pleased to exclusively offer for sale the BreakFree on Clarence Sydney – located in the heart of Sydney’s CBD.

This boutique hotel offering features 50 guest rooms and a large retail space on the ground floor ideal for food and beverage outlets. The 303sqm (approx.) site was originally a seven-storey office building that was converted for hotel use in 2011.

Development approval has been obtained to renovate and rebrand as an upper-upscale boutique, lifestyle hotel offering and would include a basement speakeasy bar, ground floor lobby, restaurant & lounge bar.

This freehold property is prominently located on Clarence Street in the Sydney CBD, close to a large number of major demand drivers including Barangaroo, SEA LIFE Sydney Aquarium, the Star Casino, Australian National Maritime Museum, The International Convention Centre Sydney (ICC Sydney) and many dining and entertainment options within the Darling Harbour, Cockle Bay and King Street Wharf precincts.

As the nation’s gateway city and home to more than 500 multinational companies, Sydney is widely regarded as a significant financial hub in Asia Pacific with particularly strong representation from the finance, property and legal sectors.

The BreakFree on Clarence is being offered for sale via Expressions of Interest. For further information, please contact the exclusive agents.

 

Mark Durran

Managing Director, Investment Sales Australasia
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