Unique Millers Point Property Sold
A unique Millers Point property comprising eight one-bedroom apartments has been sold at auction for $7.22 million.
The property, 85-87 Kent Street, was sold on behalf of the Department of Family and Community Services, and takes the
total amount raised from Millers Point sales to $189.95 million.
Proceeds from all sales in the Millers Point precinct will fund 1,500 new social housing dwellings across the state, with 590 new fit-for-purpose social housing dwellings funded to date.
85-87 Kent Street is a three-storey 19th century terrace with an additional contemporary infill building erected in 2000.
The two buildings were internally altered to create one building and were sold as a block.
The property remains subject to a Conservation Management Plan, endorsed by the NSW Heritage Council, providing prospective purchasers with clear instructions on preserving and maintaining the heritage components of the property.
Conservation Management Plans endorsed by the NSW Heritage Council are included in contracts for sale for all heritage listed properties in Millers Point. These contracts ensure new property owners are fully informed of their responsibilities when purchasing a heritage listed property.