Insurance House

The former Insurance House located at 263 George Street in the Sydney CBD is a four story building that was built in the 1900's and extensively refurbished in 1981.

It was an old GIO insurance site and now offers boutique style accommodation and office space rental. It is currently the Facial Rejuvination Clinic.

The building was put up for sale in 2022 with an expected price of over $50 million. It is one of the Sydney CBD’s last remaining underdeveloped boutique retail and commercial trophy assets, which could make way for a 17-level tower. The permissible development for the site is for a 17-level standalone retail and office building with 4,382 sqm of gross floor area.

An artists impression of the permissbale development is shown in the photo.

It appears this old buildings days are numbered.

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Sources:

• Sydney Council Database
• Australian Property Journal May 18, 2022

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