Six Millers Point Properties Sold for $13 Million

CEO of Government Property NSW, Brett Newman, today announced the sale of a further six government-owned properties at Millers Point for a combined $13.08 million.

“This marks the first time we’ve listed and sold six properties concurrently, and the exceptional result is a strong reflection of the success of the sales program to date,” Mr Newman said.

The properties, which were marketed for sale by Raine & Horne Double Bay, included:

  • 84 Kent Street (4 bed, 1 bath) sold for $2.401 million
  • 86 Kent Street (4 bed, 1 bath) sold for $2.5 million
  • 58 Kent Street (4 bed, 1 bath) sold for $2.2 million
  • 40 Kent Street (3 bed, 1 bath) sold for $2.16 million
  • 22 Trinity Avenue (3 bed, 1 bath) sold for $1.92 million
  • 20 Trinity Avenue (3 bed, 1 bath) sold for $1.9 million

Proceeds from the Millers Point auctions are being reinvested into the supply of more than 1,500 new social housing dwellings across Sydney and regional NSW.

Already, close to 100 new dwellings have been built in Condell Park, Padstow, Yagoona, Gymea, Lurnea, Chester Hill, Kingswood, Mount Warrigal, Beverly Hills, Warilla, Casula and Miranda.

“To date there have been 29 government-owned properties sold in Millers Point, raising almost $64 million for much-needed social housing across the State,” Mr Newman said.

Meanwhile, Mr Newman also announced the next four properties to list as part of the program.

The properties are:

  • 18 Merriman St
  • 24 Merriman St
  • 26 Merriman St
  • 45 Kent St

These properties will be marketed for sale by McGrath, and will go to auction on Tuesday, 22 September.

For information about the properties please visit www.rediscovermillerspoint.com.au.