Former CWA Potts Point headquarters being offloaded by do-nothing Chinese developer

Former CWA Potts Point headquarters being offloaded by do-nothing Chinese developer
Former CWA Potts Point headquarters being offloaded by do-nothing Chinese developer

The former Country Women's Association Potts Point headquarters that sold to a Chinese developer for $18.5 million in 2014 has returned to the market.

The asking price is around $30 million, Nine Entertainment reported, but $30 million plus in a subsequent press release.

The SHMH Group did secure a deferred commencement consent for the site at 11-13 Greenknowe Avenue in 2017, but has in the meantime considered several options including a boarding house.

The premises have been used as its offices while it has run into planning height issues having initially considered a concept study undertaken by PTW Architects for an eight-storey apartment building scheme with 38 luxury units over two levels of basement parking.

The 1347sq m site is approved for up to 22 metres.

There were five offers at or above $15 million when it last sold in 2014.

Its sale followed the decision by the Country Women's Association of NSW (CWA to sell its long-time 51 room property.

The 11-13 Greenknowe Avenue building housed their head office and auditorium as well as providing $50 a night accommodation.

It was secured in the early 1950s, and opened in 1954 by Lady Slim on its 1,347 square metre site.

The CWA was formed in 1922 when country women were fighting isolation and a lack of health facilities. 

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Foreign Buyers Sydney

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