Insolvency firm leases ground floor in Sydney’s History House on Macquarie Street

Insolvency firm TPH Insolvency has leased the lower ground floor in heritage-listed History House, the Sydney headquarters of the Royal Australian Historical Society (RAHS) on Macquarie Street, designed by renowned 19th century architect George Allen Mansfield. 

The firm, set up this year by former SV Partners executive director Tim Heesh, will pay net rent of around $50,000 per annum at the 133 Macquarie Street address. 

This equates to around $350 per square metre per annum over the 140 square metre office space directly across the road from the Sydney Botanical Gardens. 

Ground floor space in the building is currently advertised for rent at $70,000 per square metre through Jeremy Piggin, office leasing director at Ray White Commercial who also negotiated the lease of the lower ground floor space. 

TPH Insolvency has taken up a one year lease with a one year renewal option. 

The office space has direct street entry and parking at the rear of the building. 

“The opportunity to occupy space with such historic, old world charm created a strong level of interest for this property from a wide variety of businesses,” says Piggins. 

“History House is one of CBD’s finest heritage buildings. The building offers additional well-proportioned Victorian rooms for functions and board meetings for members and tenants.” 

History House is believed to have been built around 1872 after being designed by George Allen Mansfield, who designed a number of Sydney institutions such as Royal Prince Alfred Hospital. 

“Originally a gentlemen’s residence, the house was used as a boarding house for many years before being purchased during the 1920s by distinguished surgeon Dr George Bell,” says Piggins. 

“The RAHS, which was founded in 1901, did not acquire History House until 1970. The house is now protected by a permanent conservation order and classified by the National Trust.”