Paris Neilson helms $59m project in Redfern

The Town Hall’s corner site at 366 Darling Street in Balmain has three levels. It’s being sold with development approval for alterations and additions to the existing building and the use of the premises for food and drink.

The site is currently vacant. For the past 10 years it operated as a pub and a mixed-use premises occupied by a massage parlour, gym and bottle shop.

Originally the Town Hall Hotel, the property was built from 1887-1888 as part of the Balmain Civic group of buildings. The sale will be managed by James Cowan and Matthew Meynell from Colliers, along with HTL’s Sam Handy and Andrew Jolliffe.

Sydney House

Construction of Sydney House, the former City Tattersalls Club in Pitt Street, into a mixed-use development is entering its next phase.

The 130-year-old State Heritage-listed building, now owned by a consortium led by Singapore-listed First Sponsor Group, and Melbourne-based ICD Property will become Sydney’s newest mixed-use tower.

With an end value of about $200 million, the project at 194-204 Pitt Street is on track for delivery in 2027. The project includes 241 premium residences atop of a 135-room boutique hotel.

BVN Architecture designed the tower and interiors, and FJC Studio worked on the heritage podium. Richard Crookes Constructions is the builder and confirmed demolition and bulk excavation are now complete, and major structural activities are progressing at pace.

The site includes four different buildings, of which three will see significant heritage retention and restoration to both facades and key internal elements. Heritage works on site will retain the facade and Lower Bar, Sydney Room, Corinthian Room, and Billiard Room.

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Tightly held

The chance to own the only motel in Lennox Head is now available.

In the tightly held coastal area of northern NSW, which is considered one of the country’s most scenic and rapidly growing beachside towns, the Santa Fe Motel and Holiday Units is for sale with vacant possession.

It sits on a prominent 1370-square-metre landholding just 150 metres from Seven Mile Beach and offers direct access to Lennox Head’s restaurants, cafes, bars and shops.

Under the same ownership for over 26 years, the motel has13 guest rooms, a manager’s residence, reception and office area, swimming pool, guest laundry facilities and on-site parking.

No price was disclosed, but the agents said it is underpinned by solid trading performance and land value of $2.56 million, as assessed by the NSW Valuer General as of July 1, 2024.

CBRE’s Hayley Manvell and Taylor Morris are the agents on the deal.