A landmark commercial asset in Sydney’s Lower North Shore is set to hit the market for the first time in nearly two decades, with 1 Chandos Street, St Leonards being offered for sale.
Positioned between two major transport hubs; St Leonards Train Station and the newly opened Crows Nest Metro, the property presents a rare opportunity for investors to secure scale, connectivity, and resilient income in one of the Sydney’s fastest-evolving precincts.
The 12-level office building occupies a prominent corner site with excellent exposure and access. The dual rail connectivity is a major drawcard, linking the asset directly to the Sydney CBD, Barangaroo, North Sydney and Chatswood.
The building spans approximately 7,625 sqm of net lettable area, with 95 secure basement car spaces, and is currently 72% occupied, generating a net passing income of approximately $3.1 million per annum. Tenants include professional services, technology, and medical sectors, reflecting the precinct’s evolution into a vibrant mixed-use hub.
QIC have appointed Cushman & Wakefield and Stanton Hillier Parker to handle the sale.
According to Bridhe Woods of Cushman & Wakefield, buyer interest is expected to be strong across a range of profiles: “We’re seeing demand from private investors, syndicates and office funds seeking well-located assets backed by strong market fundamentals. The asset’s combination of strong transport connectivity, income profile and scale makes 1 Chandos Street an intriguing investment opportunity.”
Bevan Kenny of Stanton Hillier Parker noted that “Imminent stock withdrawals for residential use in the immediate vicinity are forecast to tighten the office vacancy rate significantly and propel rental growth, which will drive buyer engagement.”
The property is being offered via Expressions of Interest, closing Thursday 16 October 2025 at 4:00pm (AEDT).
