Millers Point stellar selloff hits subdivision stumbling block

Millers Point stellar selloff hits subdivision stumbling block
Jonathan ChancellorDecember 17, 2014

All three of the latest surplus Millers Point terrace offerings failed to sell at auction earlier this week.

The properties were being sold with an unregistered plan of subdivision.

The result ended the stellar run which began in August for the state government disposal.

The Georgian-style properties were built by local publican William Cole in the 1840s.

The properties were at 24 Argyle Place and 28 Argyle Place and 32 Argyle Place.

The initial six properties sold at Millers Point netted the state government around $15 million.

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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