Pyrmont site sold for $22.4 million

Pyrmont site sold for $22.4 million
Pyrmont site sold for $22.4 million

A Pyrmont site has been sold for $22.4 million with potential for development into approximately 50 residential apartments.

Government Property NSW has sold the 1,846sqm site at 108 Miller Street, Pyrmont to real estate developer, Thirdi Group.

Savills selling agent Stuart Cox said this site combined a remarkable location with exceptional potential for luxury residential apartments which attracted a multitude of enquiries from local and international developers.

“With a current median unit price of $950,000 in Pyrmont and the preference for inner city apartment living prices are expected to achieve over $18,000/sq m of NSA,” he said.

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
residential Commercial Sale

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