6000 sqm Dolls Point church site on Botany Bay sold for $15 million

Rumours abound the Presbyterian Church Property Trust has paid more than $15 million for a 6000sqm beachfront site that includes Sydney's Primrose House at Dolls Point, Botany Bay.

The site, 190 Russell Avenue at Dolls Point is zoned R2 Low Density Residential and part RE1 Public Recreation.

The sale by Government Property NSW, was made through Savills director, Residential Site Sales, Stuart Cox, who said the vendor declined to comment on the confidential sale price.

"The sale was hotly contested by a vast array of buyers including function and wedding venue operators," he said.

"High net worth individuals looking to restore the existing home to its former glory, residential developers, child care operators, hotel operators and schools were also among the bidders.

"Rarely does a circa 6000 square metre parcel of beachfront land situated within such close proximity to the Sydney CBD and all local amenities, get offered to the market.

"This was one of those rare occasions and the market response was predictably enormous with the purchaser paying well above expectations,’’ Mr Cox said.