Millers Point sales program continues to deliver strong results
Property NSW, on behalf of Family and Community Services, today announced the sale of five properties in Millers Point, delivering a further $18.5 million for reinvestment in social housing across New South Wales.
The sales included the heritage-listed former Hit or Miss Hotel at 69 Windmill Street which operated from 1852 until 1923. The property was sold by McGrath Estate Agents via auction for $4.8 million.
The following terraces were also sold by McGrath:
- 1 Windmill Street – sold for $2.36 million
- 14-16 Trinity Avenue – sold for $3 million
- 52 Kent Street – sold for $2.6 million
A pair of adjoining terraces located at 26-28 Lower Fort Street were also sold this week. The terraces, configured as one-bedroom apartments, were sold by Ray White for $5.77 million.
Market interest for these historic properties has remained strong given their unique location and characteristics.
To date, a total of 136 Millers Point properties have been sold, delivering over $390 million to fund new social housing dwellings.
All purchasers of properties in the Millers Point sales program must adhere to NSW Heritage Council endorsed Conservation Management Plans, which detail heritage maintenance obligations and the works permitted on the properties.
For more details please visit www.rediscovermillerspoint.com.au.