The proposed rejuvenation of George Street in the Sydney CBD will be a bonus for nearby building owners and their tenants, according to Ray White Commercial.
Ray White Commercial Office Leasing Director John Skufris said the Dymocks Building was an example of the type of property set to benefit from the George St upgrade.
“The building is prominently located at 428 George St and will be enhanced by the City of Sydney’s exciting future vision for George St,” Mr Skufris said.
“The streetscape is set to be filled with trees, public art, lighting, new furnishings as well as trams and pedestrian thoroughfares.”
Once known as ‘The Block’, the Dymocks Building is located on the eastern side of George St between Market and King streets, and is surrounded by Mid-City, Myer and the Pitt Street Mall.
Ray White Commercial has suites available in the Dymocks Building, which dates back to the late 1920s and is home to more than 110 specialty shops and businesses.
“We are currently marketing an excellent selection of suites for lease from approximately 30 sqm to150 sqm,” Mr Skufris said.
“While the iconic Dymocks bookshop as well as bridal, jewellery, fashion, beauty and travel services remain synonymous with the building, we are now also fielding leasing enquiries from professional service businesses.
“These include legal firms and IT groups with project space requirements.”
Mr. Skufris added: “The Dymocks Building already offers the convenience of public transport infrastructure nearby, the flexibility of extended trading hours, on – site security for tenants and goods lift access”.
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About Ray White
Ray White is the largest real estate and property group in Australasia. The company, established in 1902 at Crows Nest in Queensland, has almost 1,000 individual offices spread across Australia, New Zealand, Indonesia and India as well as newer offices in key locations in the Asian region and the United Arab Emirates. The brand is represented by more than 8,000 staff, has an annual sales turnover in excess of $30 billion and manages more than 300,000 rental properties.