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47-51 Riley Street 18,579 SF Office Building Woolloomooloo, NSW 2011 For Sale
Investment Highlights
- Dual street frontage of approximately 42 meters along Riley Street and Busby Lane.
- Includes 14 basement car spaces, bike bays, and a passenger lift for full accessibility.
- Located near Hyde Park, Kings Cross Station, and Sydney CBD with excellent transport links.
- Surrounded by premium dining and hospitality venues, including Finger Wharf and East Sydney Hotel.
Executive Summary
CBRE Capital Markets presents a rare opportunity to acquire a freehold office building in Sydney’s highly coveted city-fringe precinct. Located at 47-51 Riley Street, Woolloomooloo, this asset offers 1,726 m² of gross building area across three expansive floor plates on a 575.4 m² site. With dual street frontage spanning approximately 42 meters along Riley Street and Busby Lane, the property combines exceptional visibility with functional design.
The building is currently leased until October 2026, providing short-term income while offering significant future upside through planning approval for an 83% increase in GFA to 1,856 m². This flexibility allows for owner-occupation, investment, or redevelopment under favorable MU1 Mixed Use zoning. The property includes 14 secure basement car spaces, bike bays, and a passenger lift connecting all levels, ensuring convenience and accessibility.
Positioned just 300 meters from Hyde Park and moments from Sydney’s CBD, the location delivers outstanding connectivity to Kings Cross and Museum Stations, as well as proximity to the Finger Wharf dining precinct and renowned hospitality venues. This is a generational opportunity to secure a premium city-fringe headquarters with strong fundamentals and long-term growth potential.
The building is currently leased until October 2026, providing short-term income while offering significant future upside through planning approval for an 83% increase in GFA to 1,856 m². This flexibility allows for owner-occupation, investment, or redevelopment under favorable MU1 Mixed Use zoning. The property includes 14 secure basement car spaces, bike bays, and a passenger lift connecting all levels, ensuring convenience and accessibility.
Positioned just 300 meters from Hyde Park and moments from Sydney’s CBD, the location delivers outstanding connectivity to Kings Cross and Museum Stations, as well as proximity to the Finger Wharf dining precinct and renowned hospitality venues. This is a generational opportunity to secure a premium city-fringe headquarters with strong fundamentals and long-term growth potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
18,579 SF
Building Class
C
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
6,189 SF
Building FAR
3.00
Lot Size
0.14 AC
Parking
14 Spaces (0.75 Spaces per 1,000 SF Leased)
Amenities
- Bicycle Storage
- Natural Light
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47-51 Riley Street
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