Demand for City Fringe office space is on the rise as occupiers set their sights on more affordable and well-connected office opportunities.
According to Nick Lower, State Director - NSW, Metro & Regional Sales at Savills Australia, “More small businesses are looking to relocate out of the CBD and into the City Fringe as a result of COVID-19, and are after lifestyle and amenities as well as a more affordable alternative, with a work life balance at the forefront of employees’ minds.
One property which ticks these boxes is a premium open plan office suite – C19, 38-48 MacArthur Street, Ultimo, for sale through Nick Lower and Ollie Ridley of Savills Australia.
Strategically positioned on the ground floor of the iconic heritage building ‘Dalgety Square’ with southern frontage onto MacArthur Street, the property is extremely well connected with Wattle Street running along the western side of Dalgety Square, which provides access to the Western Distributor to the north and Broadway to the south.
“The property boasts close proximity to Sydney’s most important transport interchanges, with public transport currently available in the form of rail, light rail and bus. This property offers purchasers the ability to move into a prime inner-city office with minimal fit-out work” said Mr Lower.
The vacant building also features an open-plan office totalling approximately 229sq m, exposed heritage wooden columns and high ceilings, an executive boardroom, reception, kitchen, storage room, two security car spaces and storage cage, access to Dalgety Square facilities including gym, pool & barbeque courtyard.
Large windows provide excellent natural light, and the office is fully cabled with ducted air con.
According to Ollie Ridley, Sales Executive, Metro & Regional Sales at Savills Australia, “This opportunity offers purchasers a more affordable alternative than CBD office suites whilst still benefitting from excellent transport infrastructure.
“Ultimo benefits from multiple Light Rail stations, access to a range of parks and retail amenity and is walking distance from Broadway and Chinatown” he said.
C19, 38-48 MacArthur Street, Ultimo is for sale via Expressions of Interest closing 2pm Thursday 10 December.