Sydney Mechanics’ School of Arts set to sell 10-storey tower

Sydney Mechanics’ School of Arts set to sell 10-storey tower
Staff ReporterOctober 13, 2019

A property beloning to the Sydney Mechanics' School of Arts has come onto the market, with price estimates exceeding $50 million.

The 10-storey office tower at 280 Pitt Street covers 4300 square metres.

It is fully leased.

It is one block from Town Hall Railway station, and between the under-construction Pitt Street Sydney Metro North (150 metres) and South stations (50 metres).

There is reportedly also the potential to add an additional four floors or apply a further 2377 square metres, pending approval from the City of Sydney Council.

The building was purchased by the school in 1996, from a trust belonging to the Uniting Church of Australia, for $4.5 million.

Editor's Picks

First look: Two-tower plans for hundreds of new homes in Westmead health hub
Inside Park Modern, South Melbourne: Five minutes with Time & Place Founder Tim Price
Time & Place kicks of construction at Two Tides Manly with half of the apartments sold
First look: Carpe Group and ICON Developments team up again for new downsizer apartments in Hawthorn
Rozelle Village achieves strong results as sales officially launch