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Building for sale in Sydney’s New Silicon Valley

People & Companies / Latest News

Sep 10 2018

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An architecturally designed, flexible office building is on the market, in Sydney’s most tightly held fringe precinct, Surry Hills.

Miron Solomons, Matt Pontey and Nick Lumley of Colliers International are selling 47 Albion Street in Surry Hills via a Public Auction, on Thursday, October 11th. 

This exceptional, 308 square metre, corner freehold offers owner occupiers or investors the opportunity to capitalise on the current multibillion dollar regentrification projects within Surry Hills. The asset is just 500m from the Light Rail, 100m from Central Train Station and within a 1km radius of $1.5 billion of unmatched infrastructure projects.

“There has been much speculation that this next wave of commercial regeneration in Sydney’s city fringe could trigger a ‘tech-migration’ from our current Tech Hub in Martin Place towards Surry Hills,” said Miron Solomons, National Director, Investment Services, Colliers International.

Matt Pontey, Manager, Investment Services at Colliers International said, “The position of Google’s new HQ has been of intense focus, with the latest location speculated to be the proposed Central Station precinct. The NSW Government has also recently announced its partnership with Atlassian to create Australia’s version of ‘Silicon Valley.”

Nick Lumley, Executive, Investment Services, Colliers International continued, “47 Albion Street is ideally located and architecturally designed by Tim Allison Associates, it features flexible work stations with some Herman Miller Ethospace work stations; glass partitioning and a fully serviced alfresco kitchen.”

A tech hub located in the city fringe sector between Central Station and Eveleigh is expected to create 10,000 new jobs by 2036.

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