The NSW government sold another four Millers Point properties at the historic The Rocks area for a total of $17.975 million earlier this week.
The most expensive property sold was the large historical 1833 terrace at 25-27 Lower Fort Street at $5.575 Million followed by the historic block of four apartments at 10-12a High Street which sold for $5.3 million.
25-27 Lower Fort Street, known as Linsley Terrace, is one of the oldest surviving terraces in Millers Point. A family owner occupier bought the property to live in.
The property was originally a single house built for former convict George Morris. It was later subdivided into two dwellings and sold to John Linsley.
The terraces at 30-32A High Street, Millers Point and 47 Windmill Street, Millers Point were also sold at $5 million and $2.1 million respectively.
Aside from Lower Fort Street, the rest of the properties were acquired by private investors.
There are now only a small handful of historic properties left for sale, McGrath which auctioned the properties and handled the majority of the Millers Point sales program, said. Agents Lorraine Crawford, Peter Starr and Andrew Stewart marketed the four properties sold this week.
In total, 176 properties have been sold in Millers Point, raising around $545 million for investment in new social housing in NSW. At the end of February, 839 units have been completed and 320 units are under construction.
