Ex-Public Transport Union HQ sells
The city’s ex-Public Transport Union headquarters in Chinatown has sold.
Nowadays a boutique office known as LM House, 333-337 Sussex Street collected $12.25 million.
Developers were targeted as well as investors – the 243 square metre site is exposed to James Lane to two sides.
In the late 1990s, property developer sought to replace the land with a 15 level tower with 22 apartments.
The three storey asset is also straightforward passive investment, with a 15 sqm ground floor retail tenancy and five basement car parks.
The building is serviced by a lift.
Sydney Residential Metro’s Bernard Tsang and Wilson Diec brokered the deal (continues below).
The agency is also headquartered there.
The property last sold in 2012 for $4.85m.
It also sold in early 2002, shortly after the September 11 terrorist attacks, for $4.05m.
Elsewhere in the pocket, developer Anson Group in 2022 paid $50m for the building which for three decades accommodated the Golden Century restaurant, at 393-399 Sussex St.
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