The property is located within an Activity Centre Zone where flexibility exists within the controls for a visionary to maximise the full potential of this unique property.
The current controls include preferred maximum heights of 21m (6 Storeys) for 229 Chapel Street and 18m (5 Storeys) to 24 Macquarie Street.
This developable envelope could include an additional level to the Heritage building on the Chapel street frontage, an additional 2 levels above the existing nightclub and the ability to redevelop the Macquarie Street building to 5 levels.
The potential of this property is endless with its iconic character and history, striking heritage component and flexible additional developable envelope. Options may include a larger hospitality venue in line with recent successful redevelopments such as the Ivy and The Espy, boutique hotel, residential apartments or office with complimentary hospitality.