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Apartment block in Millers Point sells for $26 million

Image provided by the NSW DSFI

Property NSW, on behalf of Family and Community Services, announced the sale of the historic Workers Dwellings in Millers Point for $26 million.

Located between 30 Lower Fort Street and 4 Trinity Avenue, the three-storey block of 33 apartments was built by the Sydney Harbour Trust in circa 1910.

Following closure of a public tender process, the historic building was sold via negotiations managed by McGrath Estate Agents.

Buyers will have another opportunity to purchase a slice of history in Millers Point, with the following properties entering the market:

  • 30 Kent Street – two duplex apartments with courtyards
  • 5 Windmill Street terrace
  • 75 Windmill Street terrace
  • 85 Lower Fort Street terrace
  • 52 Gloucester Street terrace
  • 63 Kent Street terrace
  • 26 Argyle Street terrace

The properties will be marketed by McGrath Estate Agents and will be auctioned on 11 October 2017.

Proceeds from the Millers Point sales program have delivered over $448 million for investment in new social housing developments in NSW.

As at July 2017, a total of 625 dwellings have been completed and an additional 452 dwellings are currently under construction as a result of the Millers Point sales.

Conservation Management Plans (CMPs) endorsed by the NSW Heritage Council are included in contracts for sale for all heritage listed properties. These contracts ensure new property owners are fully informed of their responsibilities when purchasing a heritage listed property. All maintenance and or restoration of the properties must be in accordance with the CMP.

Source: NSW Government

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