For the first time in 35 years, 48-58 and 25-29 Tory Street is being offered to the market. This presents a unique add value or development opportunity of two buildings in a strategic location. The land area is approximately 1,759 sqm and comprises two buildings which currently accommodate hospitality, office and on site car parking.
Newport Chambers is a classic Courtenay character building. The ground floor is occupied by the popular bar the Malthouse and eatery Catch Sushi. The upper levels are predominately vacant and would suit character office or accommodation conversion.
Korea House sits on the high profile corner of Courtenay and Tory Street. The ground floor corner space has recently become vacant and presents an opportunity for full refurbishment and repositioning. The Dragon restaurant occupies Tory Street frontage and is next to the lane where the car parking is accessed. Office tenants occupy part of the upper floors and most of the leases provide some flexibility for further development.
Courtenay Place is located on Wellingtons Golden Mile, its is a rare offering to find a site of this size and presents a genuine add value opportunity.