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

Former CWA Potts Point headquarters offloaded by do-nothing Chinese developer
Former CWA Potts Point headquarters 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 reportedly been onsold for a bullish $34 million.

The asking price was $30 million plus.

There is no sold sticker posted by its out of area agents, but the local paper has reported its sale.

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

The Wentworth Courer says it has been sold as a women's refuge.

The SHMH Group used as its offices while it has run into planning height redevelopment issues.

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 at 11-13 Greenknowe Avenue.

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

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 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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