Summary:
- Savills Australia and New Zealand is exclusively marketing 141–155 Commonwealth Street in Surry Hills, a 913 sqm corner site offering one of the last ground-up development opportunities within Sydney’s Tech Central precinct, suitable for co-living or purpose-built student accommodation (PBSA) with around 100 rooms.
- The site’s mixed-use zoning allows for approximately 3,012.9 sqm of gross floor area, with potential for additional development through affordable housing bonuses, supported by existing planning approvals for commercial, student accommodation, and hotel uses.
- Located at the intersection of Surry Hills, Tech Central, and Sydney CBD, the property benefits from immediate access to major transport hubs and universities, addressing strong residential demand driven by high rental rates and a large population of young renters.
Original article:
https://www.btrnews.au/savills-presents-potential-co-living-site-in-surry-hills/
