More than 20 bidders battle for rare Balmain redevelopment site

Katherine JimenezDecember 7, 2020

An owner-occupier has snared a rare redevelopment site in Sydney's inner western suburb of Balmain for $7.375 million.  

More than 20 bidders battled it out for the 73-79 Beattie Street property, which was owned by Peter Owen Developments.

"The 1,525 square metre property, which was formerly a number of warehouse and terrace buildings, offered one of the last opportunities to acquire a substantial site on the Balmain Peninsular", said Tim Morrison, principal of Ray White Commercial Inner West and the selling agent. 

There are currently six separate buildings and a car park on the site, which is on 10 separate titles. The purchaser intended to owner-occupy the property.    

news@propertyobserver.com.au 

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