A huge retail opportunity has been offered for sale exclusively through Colliers – Sydney. The 99-year leasehold, expiring on July 30, 2118, of the retail/dinning precinct of Darling Square has been placed on the market by Colliers on behalf of owner, Lend Lease.
The offering comprises the North East, South East and South West retail stratums of Darling Square. With frontages to Darling Drive, Hay Street and Harbour Street, the precinct is uniquely located neighbouring Darling Harbour, Chinatown and the Sydney CBD. It is set amongst 1,500 residential units, 26,000 sqm of office space, retail, dinning and community uses, and a 590-room Novatel Hotel. According to Colliers it has an ‘impressive sales productivity of $18,126 per sqm, 90.3 per cent above benchmark’.
This retail precinct is 100% fully leased to a wide range of tenants including coffee shops, restaurants, takeaway stores, popular bubble tea outlets and dessert bars. Well known tenants include McDonalds, Starbucks, Pancakes on the Rocks, Gelato Messina and Machi Machi.
CoreLogic Australia