A Haymarket island site at 37 Ultimo Road, which has frontages to four roads, has been placed on the market through Andy Hu, Stuart Cox and Jordan Lee of Savills. The vendor is interests associated with Warwick Evans of Dawes Point, Dy Long of Hurstville and Marilyn Sik of Vaucluse.
37 Ultimo Road is known as The Ultimo and was formerly Aarons Hotel. It is a three-storey hotel building with basement, ground floor retail space and two upper levels operating as a hotel by 8Hotels; the 4-star Ultimo Hotel has 95 guest rooms. Retail tenants include the NAB, D1 Karaoke, Coco Fresh and 7Eleven. The property’s fantastic location is within close proximity to Darling Harbour and Chinatown and is just a minute walk to the future $2.5 billion Central Technology precinct.
The property last traded at $25.55 million in 2008.