Pub king Christopher Cheung lists York Street, Sydney CBD, office building with $20 million-plus hopes

Situated within Sydney’s fast-changing mid-town precinct, the 32 York Street office building has been listed by pub king Christopher Cheung with $20 million plus hopes.

The  CBD property has been marketed with the potential for redevelopment, with several different scenarios already contemplated, including hotel and residential schemes.

It's been listed by Benjamin Azar from Savills Australia, whose marketing material stresses the precinct now includes premium brands Louis Vuitton, Apple and Burberry along with Telstra, CBA, IAG and Macquarie Bank.

The building is adjacent to Sydney’s most iconic and well-known commercial office and retail strips, just south of King Street. The precinct is under major transformation following the Sydney City Council’s proposed development of George Street, situated behind York Street.

It is understood Cheung is selling the property to focus on his pubs portfolio.