Millers Point state government terrace sell-off resumes post-election

Millers Point state government terrace sell-off resumes post-election
Jonathan ChancellorDecember 7, 2020

Three more surplus government-owned property at Millers Point have been listed.

They are all on Kent Street including 51 Kent Street (pictured above), which is an 1855 terrace. 

The Georgian-style terrace is listed for 14 May auction through Peter Starr at McGrath Estate Agents.

The terraces at 39 and 49 Kent Street are also for sale. The 39 Kent Street was built for solicitor/politician Sir George Wigram Allen

The 47 Kent Street was auctioned last year at $1.64 million.

Properties sold late last year included 24, 28 and 32 Argyle Place fetching $2.3 million, $2.35 million and $2.15 million respectively.

The NSW government is proceeding with plans to sell the remaining 284 properties so funds can be reinvested back into the public housing system.

The government-owned properties in Millers Point secured a total of $21.9 million from the initial nine sales.

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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