Lease for historic Sydney waterfront site expected to fetch $80 million

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Lease for historic Sydney waterfront site expected to fetch $80 million
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Interest in the 170-year-old sandstone warehouse at The Rocks is expected from local and overseas buyers.

The heritage-listed Campbell's Stores site in The Rocks area is likely to attract interest from local and possibly overseas buyers,Two years ago the 170-year-old sandstone warehouse was put on the market by vendor Farrer Property during the pandemic but then withdrawn.The leasehold for the Campbell's Stores building at 7-27 Circular Quay West at The Rocks in central Sydney is up for sale.

Now the 53-year lease for the building, which spans 4394 square metres over three levels, has been relisted. Dating from the 1840s, the site was used by trader Robert Campbell and played a key role in Sydney's economic growth during the 19th century.The suburb where house prices rose over $240k in three monthsReal estate agencies CBRE and Stonebridge Property Services are handling the sale.The Campbell's Stores building at The Rocks houses popular restaurants, bars and other businesses.

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