Millers Point delivers $35 million in one day

SPONSORED POST

The NSW Government’s Millers Point sales program continues to deliver excellent results with the auction of seven properties in late 2016 for a combined $35.22million.

The sales included the highest value single property sold to date – a block of 12 one bedroom apartments on the corner of Merriman and Bettington streets, which sold for $12.3 million.

Interest in Millers Point continues to be strong, with the most recent sales recording an average rate per square metre of $19,462 (floor area), an increase of 23 per cent compared to the Millers Point sales program to date.

Other properties sold include:

• 15 Lower Fort Street, sold for $5.05 million.
• 36 Argyle Place, sold for $3.71 million
• 66 Bettington Street, sold for $2.42 million
• 61 Kent Street, sold for $2.11 million
• 42-44A High Street, sold for $4.81 million.
• 46-48A High Street, sold for $4.82 million.

A total of 125 Government - owned properties in Millers Point have been sold to date, with the proceeds delivering much needed social housing for the 60,000 vulnerable families and individuals on the waiting list.

For more information visit www.rediscovermillerspoint.com.au