Iconic Surry Hills building T2 put on the market

One of Surry Hill’s landmark buildings has been listed by The City of Sydney through CBRE in a move that will help reactivate the iconic Oxford Street commercial strip.

The 1-5 Flinders Street property is a freestanding building on a 350 sqm landholding in the heart of Taylor Square. 

It was built in 1910 and was previously known as the ‘T2’ building. It has had a number of uses over the years, including a Commonwealth Bank branch and bar venue.

The property, which has a net lettable area of 923 sqm, is recognised by its unique exterior pattern, which is a result of City Of Sydney’s 2012 “Streetware” programme. The pattern is an urban Aborignal artwork that is reflective of the building’s position within Taylor Square.  

The building is being marketed by CBRE’s team of Nicholas Heaton, Gemma Isgro and Michael Khouri.

Isgro said the sale represented an outstanding opportunity to be part of Oxford Street’s resurgence as a popular retail, commercial and residential destination. 

“The future of this property has the potential to redefine Oxford Street, bringing new life to one of Sydney’s most loved and renowned streets,” Isgro said. 

Khouri said the property would attract strong interest from hospitality groups looking to capitalise on its prime inner-city position. 

“The freehold nature of the building will also be of interest to owner occupiers looking to secure 100% ownership of their head office, as well as investors keen to acquire a slice of prime Sydney city fringe real estate.” 

The property is being offered for sale via expressions of interest closing October 25.