Four government-owned properties on High Street sold
Property NSW, on behalf of Family and Community Services, today announced the sale of the final four government-owned properties on High Street in Millers Point.
The properties, opposite Barangaroo, and each containing four two-bedroom apartments, were sold via auction by McGrath Estate Agents yesterday.
Individual results are as follows:
- 2-4A High Street: $5.5 million
- 6-8A High Street: $5.56 million
- 14-16A High Street: $5.42 million
- 34-36A High Street: $5.446 million
A total of 184 Government sales have occurred in Millers Point since 2014. It’s anticipated the sales program will be finalised by the end of 2018 with the sale of the remaining seven properties.
Proceeds from the Millers Point sales program have delivered over $591 million for investment in new social housing developments in NSW.
As of May 2018, a total of 977 units have been completed and 255 units are currently under construction as a result of the Millers Point sales.
Developments are occurring in areas of identified need for social housing, including the Bankstown, Canterbury, Liverpool and Fairfield areas and the Sutherland and Wollongong areas. New social housing is also under construction in Coffs Harbour and the Hawkesbury area in North Richmond.
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.
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