Log In/Sign Up
Your email has been sent.
89-97 Jones St - THE HUB 1,054 SF Office Condo Unit Offered at $395,217 CAD in Ultimo, NSW 2007
Investment Highlights
- Located approximately 1 km from Sydney CBD within an established inner-city commercial precinct.
- Accessible to multiple light rail stations, including Exhibition Centre and Paddy’s Markets, and close to Central Station.
- Road connectivity to Anzac Bridge, Harbour Bridge, and South Dowling Street for regional access.
- Walking distance to UTS, TAFE NSW, Chinatown, and Darling Harbour.
- Nearby bus stops along Harris Street provide additional public transport options.
Executive Summary
The property at 89 Jones Street is located within Ultimo, approximately 1 km from the Sydney CBD. It is positioned in a mixed-use precinct that includes commercial, educational, and residential developments. The building offers office accommodation with a functional internal layout, including multiple enclosed rooms and a meeting area. Recent building upgrades include modernized air conditioning, security systems, and lift access. The site benefits from proximity to major educational institutions such as the University of Technology Sydney and TAFE NSW, as well as Chinatown and Darling Harbour. Public transport connectivity is strong, with light rail stations such as Exhibition Centre and Paddy’s Markets within walking distance. Multiple bus routes operate along Harris Street, and Central Station is accessible within a short commute. The property also has convenient access to major arterial roads, including the Anzac Bridge to the west and South Dowling Street to the east, facilitating connections to the Sydney metropolitan area.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 1 |
| Cap Rate | 3.29% |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.29% |
| No. Parking Spaces | 1 |
Description
The property is an office suite located on the third floor of The Hub building at 42/89 Jones Street, Ultimo NSW. It measures 98 m² and includes two glass-partitioned rooms and a reception area. The building has undergone upgrades to air conditioning, security systems, and lifts. Shared facilities include kitchens, rooftop recreation areas with gym, tennis court, sauna, shower, and BBQ amenities. The location is within walking distance of UTS, TAFE, Chinatown, the CBD, and the new Fish Market development.
Sale Notes
This office suite presents a rare opportunity for investors or owner-occupiers to secure a highly functional workspace within one of Sydney’s most dynamic fringe locations. Positioned on the third floor of The Hub building, the property features two glass-partitioned offices, a welcoming reception area, and a contemporary fit-out with timber flooring and recessed downlighting. Recent building upgrades offer enhanced value, including a modern air conditioning system, comprehensive security enhancements, and new lift installations.
The Hub distinguishes itself with superior on-site amenities, including a rooftop terrace with gym, tennis court, sauna, showers, and BBQ facilities, designed to optimize both productivity and lifestyle. Additional conveniences include well-maintained common kitchens and an on-site building manager who ensures efficient building operations. Its proximity to UTS, TAFE, Chinatown, the Sydney CBD, and the newly completed Fish Market reinforces its connected positioning and relevance for professional service providers.
Financial details include a current rent of $2,022.15 per month (excluding GST), strata levies at $2,568.29 per quarter, council rates at $204.90 per quarter, and water rates of $13.25 per quarter (subject to change), providing clarity for buyers evaluating ongoing costs. This is an appealing acquisition for those seeking an accessible entry point to Sydney’s thriving commercial market with strong long-term fundamentals.
The Hub distinguishes itself with superior on-site amenities, including a rooftop terrace with gym, tennis court, sauna, showers, and BBQ facilities, designed to optimize both productivity and lifestyle. Additional conveniences include well-maintained common kitchens and an on-site building manager who ensures efficient building operations. Its proximity to UTS, TAFE, Chinatown, the Sydney CBD, and the newly completed Fish Market reinforces its connected positioning and relevance for professional service providers.
Financial details include a current rent of $2,022.15 per month (excluding GST), strata levies at $2,568.29 per quarter, council rates at $204.90 per quarter, and water rates of $13.25 per quarter (subject to change), providing clarity for buyers evaluating ongoing costs. This is an appealing acquisition for those seeking an accessible entry point to Sydney’s thriving commercial market with strong long-term fundamentals.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 42 | 1,054 SF | Office | $395,217 CAD ($374.97 CAD/SF) | $12,995.61 CAD |
Unit 42
| Unit Size |
| 1,054 SF |
| Condo Use |
| Office |
| Price |
| $395,217 CAD ($374.97 CAD/SF) |
| NOI |
| $12,995.61 CAD |
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 42
| Unit Size | 1,054 SF |
| Condo Use | Office |
| Price | $395,217 CAD ($374.97 CAD/SF) |
| NOI | $12,995.61 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.29% |
| No. Parking Spaces | 1 |
| Description | |
| The property is an office suite located on the third floor of The Hub building at 42/89 Jones Street, Ultimo NSW. It measures 98 m² and includes two glass-partitioned rooms and a reception area. The building has undergone upgrades to air conditioning, security systems, and lifts. Shared facilities include kitchens, rooftop recreation areas with gym, tennis court, sauna, shower, and BBQ amenities. The location is within walking distance of UTS, TAFE, Chinatown, the CBD, and the new Fish Market development.</li></ul> | |
| Sale Notes | |
| This office suite presents a rare opportunity for investors or owner-occupiers to secure a highly functional workspace within one of Sydney’s most dynamic fringe locations. Positioned on the third floor of The Hub building, the property features two glass-partitioned offices, a welcoming reception area, and a contemporary fit-out with timber flooring and recessed downlighting. Recent building upgrades offer enhanced value, including a modern air conditioning system, comprehensive security enhancements, and new lift installations.<br> <br> The Hub distinguishes itself with superior on-site amenities, including a rooftop terrace with gym, tennis court, sauna, showers, and BBQ facilities, designed to optimize both productivity and lifestyle. Additional conveniences include well-maintained common kitchens and an on-site building manager who ensures efficient building operations. Its proximity to UTS, TAFE, Chinatown, the Sydney CBD, and the newly completed Fish Market reinforces its connected positioning and relevance for professional service providers.<br> <br> Financial details include a current rent of $2,022.15 per month (excluding GST), strata levies at $2,568.29 per quarter, council rates at $204.90 per quarter, and water rates of $13.25 per quarter (subject to change), providing clarity for buyers evaluating ongoing costs. This is an appealing acquisition for those seeking an accessible entry point to Sydney’s thriving commercial market with strong long-term fundamentals.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 113,409 SF | Floors | 3 |
| Property Type | Office (Condo) | Typical Floor Size | 28,686 SF |
| Building Class | B | Parking Ratio | 1.19/1,000 SF |
| Total Building Size | 113,409 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 28,686 SF |
| Parking Ratio | 1.19/1,000 SF |
Amenities
- Controlled Access
- Fitness Center
- Security System
- Kitchen
- Common Parts WC Facilities
- Open-Plan
- Air Conditioning
- Smoke Detector
1 1
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
89-97 Jones St - THE HUB
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.