- Barangaroo House, one of Sydney’s most striking buildings, has gone on sale.
- It is on the market for approximately $35 million.
- The three-storey circular building belongs to listed property group Lendlease.
One of Sydney’s most iconic buildings has gone on sale with a hefty price tag.
The building — located at 35 Barangaroo Avenue on the south-west corner of the recently completed Barangaroo South precinct in the CBD — is on sale for $35 million, according to The Australian Financial Review and The Sydney Morning Herald.
Barangaroo House was designed by local architecture firm Collins and Turner and it looks like a bird’s nest, with its timber facade and green foliage.
Nicknamed by developers as “Sydney’s house of fun,” the property features a bar called House Bar on the ground floor, a flagship art-deco restaurant called Bea on the first floor, and a rooftop bar called Smoke. The building is encompassed by gardens of native flowers, herbs, vegetables, and fruit which can be used in the restaurant.
James Parry, director at commercial real estate services and investment firm CBRE, has been appointed by Lendlease to market the property internationally.
Parry said in a statement that Barangaroo House is a “trophy asset likely to be bought by high net worth individuals, both locally and internationally.”
The property, which opened to the public at the end of 2017, is currently leased in its entirety to long-term tenant, Solotel.
Barangaroo is a new development spawning in Sydney’s CBD. On completion, it is expected to be home to more than 23,000 workers and residents.
Several large firms have already moved into the neighbourhood, including HSBC and Facebook, while the enormous Crown Sydney Hotel Resort is also being built nearby. Here’s what Facebook’s office looks like inside.
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