Potts Point's iconic The Metro building, where George Miller produced more than 25 Australian films and mini-series, including classics such as Babe, Happy Feet and Mad Max, is for sale for the first time in 35 years.
At 30 Orwell Street, Potts Point, in the unique art deco The Metro building, George Miller and his Kennedy Miller Mitchell team created films that garnered 18 Academy Award nominations.
For 35 years, the landmark property has been home to production house Kennedy Miller Mitchell and more than 25 films and television mini-series have been produced there - including iconic Hollywood blockbusters Mad Max, Babe and Happy Feet.
The Metro is being marketed by JLL’s James Aroney and Gordon McFadyen.
Originally known as The Minerva Theatre and opening in the 1930s, stars such as Ginger Rogers and Peter Finch have performed there. In the 1950s it began operating as a cinema, and stars such as Elizabeth Taylor, Richard Burton and Julie Andrews attending premieres there.
In the 1970’s, Harry M Miller staged several live productions there, notably ‘Hair’ with the 16-year-old Marcia Hines.
JLL’s National Director, Sales and Investments – NSW, James Aroney said, “This is the first time The Metro has been on the market for over 35 years, and what’s exciting about it is the potential for adaptation and re-use.
JLL’s Associate Director, Sales and Investments – NSW, Gordon Mcfadyen said, “We believe 30 Orwell Street will generate significant interest from a diverse group of buyers including owner occupiers, local high net worth investors for boutique hotel, commercial and office use, entertainment industry operators, retailers, and specialised developers with heritage expertise.”
The building lies in the heart of Potts Point, and is only 2km from the city centre.
The withdrawal of office stock in the Sydney CBD and strong growth in city-edge small businesses has pushed the Sydney fringe vacancy rate down to 4.1% - the second lowest rate of the 19 Australian office markets JLL tracks.
The Metro at 30 Orwell Street, Potts Point, will be offered to market through an Expressions of Interest campaign, closing 8 November, 2017.
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