The Chief Executive of Government Property, Brett Newman has announced the launch of three new Millers Point terraces to the market and plans for the sale via tender of a site in Pyrmont.
The Millers Point properties, listed with Raine & Horne Double Bay, are located at 32, 42 and 56 Kent Street.
The home at 32 Kent Street is the first in a row of five terraces built in 1870 and retains many of its original features, including the fireplace surrounds, timber stairs and balustrade.
The terrace at 42 Kent Street, built in1873, features harbour views and a private courtyard.
Part of a relatively intact row of four houses, 56 Kent Street was constructed in 1876 as an investment property with some of the earliest tenants being master mariners.
"The terraces will join four Millers Point properties already on the market with McGrath Real Estate, including 39, 49 and 51 Kent Street which will go to auction in the coming weeks," Mr Newman said.
He said Grimes' Cottage, located at 50 Argyle Place, was also set for sale and was one of the few free-standing residences in the precinct.
"There continues to be an unprecedented level of interest in these historic properties," Mr Newman said.
He said 12 government-owned properties had been sold to date in the Millers Point precinct, generating $26.8 million to be redirected back into social housing projects.
"Each of the properties is sold with a Conservation Management Plan endorsed by the Heritage Council," Mr Newman said.
"These plans ensure the historical significance of the property is protected and guide owner's plans for restoration, repairs and maintenance," he said.
"This includes development applications for the City of Sydney and Heritage Council approval."
The former C R Kennedy site in Pyrmont set for sale by tender is located at 108 Miller Street with additional frontage on Mount Street. The total land area of the site is 1,846sqm.
"The site, purchased by Transport for NSW for the now discontinued Inner-West
Metro, is in close proximity to the Sydney CBD, The Star Casino, Sydney Fish Markets, Darling Harbour, Barangaroo, light rail, Jones Bay Wharf and Cockle Bay," Mr Newman said.
"The property is expected to attract significant interest for mixed use redevelopment, which will provide additional, much-needed inner city housing as Sydney continues to grow."
RESOURCED: http://www.psnews.com.au/nsw/Page_NSWpsn41212.html
The home at 32 Kent Street is the first in a row of five terraces built in 1870 and retains many of its original features, including the fireplace surrounds, timber stairs and balustrade.
The terrace at 42 Kent Street, built in1873, features harbour views and a private courtyard.
Part of a relatively intact row of four houses, 56 Kent Street was constructed in 1876 as an investment property with some of the earliest tenants being master mariners.
"The terraces will join four Millers Point properties already on the market with McGrath Real Estate, including 39, 49 and 51 Kent Street which will go to auction in the coming weeks," Mr Newman said.
More high-value assets on offer
"There continues to be an unprecedented level of interest in these historic properties," Mr Newman said.
He said 12 government-owned properties had been sold to date in the Millers Point precinct, generating $26.8 million to be redirected back into social housing projects.
"Each of the properties is sold with a Conservation Management Plan endorsed by the Heritage Council," Mr Newman said.
"These plans ensure the historical significance of the property is protected and guide owner's plans for restoration, repairs and maintenance," he said.
"This includes development applications for the City of Sydney and Heritage Council approval."
The former C R Kennedy site in Pyrmont set for sale by tender is located at 108 Miller Street with additional frontage on Mount Street. The total land area of the site is 1,846sqm.
"The site, purchased by Transport for NSW for the now discontinued Inner-West
Metro, is in close proximity to the Sydney CBD, The Star Casino, Sydney Fish Markets, Darling Harbour, Barangaroo, light rail, Jones Bay Wharf and Cockle Bay," Mr Newman said.
"The property is expected to attract significant interest for mixed use redevelopment, which will provide additional, much-needed inner city housing as Sydney continues to grow."
RESOURCED: http://www.psnews.com.au/nsw/Page_NSWpsn41212.html
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