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Heritage space in Sydney’s luxury retail precinct on the market

A retail asset in one of Australia’s most prestigious luxury precincts is on the market in the Sydney.

Colliers are selling the 265sqm Shop 2 at 350 George Street in the Sydney CBD, neighbor to Paspaley, Burberry, Louis Vuitton, Apple and other luxury retailers.

The space is currently tenanted by premium fashion and street footwear store Subtype, subsidiary of the ASX listed retail giant Accent Group. The fully leased retail shop has a WALE of 3.75 years and represents one of the most attractive CBD retail investment opportunities.

Strata office sales within the same building sold last year fetched between $25,000 - $30,000 per sqm.

“This asset is based in a seven-storey heritage building on an iconic corner position on one of Sydney’s busiest streets, in direct proximity to the light rail, Wynyard Station and Angel Lane, one of the city’s most popular restaurant and entertainment precincts,” said Joseph Lin, National Director, Investment Services at Colliers.

Steam Leung, National Director, Investment Services at Colliers said, “We expect a high level of interest in this property, having seen limited transactions of this type occurring over the past year – particularly with leased retail properties which are achieving strong rental returns”

Shop 2, 350 George Street is being sold via public auction on the 25th of March, 2021.


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Joseph Lin

National Director | Asia Markets

Investment Services

Sydney CBD

Joseph is the National Director, Asia Markets based in the Sydney CBD Investment Services team. He has a key focus of working with Asian Ultra-High-Net-Worth investors and institutional capital partners, having previously facilitated multiple high-profile domestic and cross-border transactions in and from Asia. 

Prior to joining Colliers International, Joseph was the Managing Director of CBRE Taiwan office where he led a team of 200 staffs across multiple business lines. Through his understanding of Asian clients' requirements in various stages of property ownership and his extensive management experiences across a range of expertise, Joseph has been the go-to-person for his Asian clients, connecting the right specialists to provide the best-in-class practices and expert advices and to deliver exceptional value for his clients.

With his unique skills in Architecture and Project Management, his exceptional experiences in international transactions and his language abilities in Mandarin, Cantonese and English, he has successfully facilitated the offshore and onshore Asian clients to expand and/or divest their real estate portfolio in Australia.

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Steam Leung

National Director | Asia Markets

Investment Services

Sydney CBD

I am currently the  National Director of Colliers International (Australia)  Asia Markets team in the Investment Services department, and have worked for Colliers International for over 28 years. With the rise of Asian investments into Australia, my focus is to facilitate the needs of domestic and international Asian clients. I have an extensive experience working with the Chinese community, and work closely with my colleagues to introduce new international clients / buyers for our listings. As a senior operator, my role at Colliers International focusses on the Sydney CBD and metro surrounding area, specifically targeting the  CBD South, Haymarket and Chinatown regions, where I work closely with my clients to achieve the best results for their properties. I have extremely strong networks with the local Chinese community and I assist and advise many Asian clients, investors and developers. I speak Cantonese and Mandarin fluently and frequently travel to Asia, such as Hong Kong, Macua, Shenzhen, Guangzhou, Shanghai and Beijing.

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