Property NSW, on behalf of Family and Community Services, has put Sydney’s first apartment building up for sale, in the latest tranche of historic Millers Point public housing properties to hit the market.

‘Stevens Buildings’ at 73 Windmill Street, Millers Point, is recognised by the NSW Trust as the first residential apartment building built in NSW and an architectural masterpiece.

Designed by renowned architect Joseph Alexander Kethel (1866-1946), the heritage building sits on a 306sqm site and consists of 11 apartments, nine one-bedroom apartments, and two two-bedroom apartments.

The building is within walking distance of the CBD, Circular Quay and The Rocks, and has views of the Sydney Harbour Bridge, Garrison Church, and Observatory Hill. Some apartments have views on two sides, and the ground floor apartment has its own courtyard.

The historic building will be sold in one line at auction through Robert Lowe and David Hickey of Savills Australia, and Richard Shalhoub of Sotheby’s International Realty.

Entire row of period terraces for sale

The marketing team is also selling an entire row of period terrace duplexes, again, only moments from the CBD, Circular Quay and The Rocks. 

The row at 74-80a High Street comprises eight two-bedroom period terrace duplexes divided into two blocks, each comprising four apartments on a 540sqm island site. The solid brick construction consists of deep verandahs, spacious kitchens, living and dining areas, and the first floor duplexes have roof-top terraces with panoramic views of Barangaroo, Balmain and Darling Harbour.

There is vast potential to restore and transform these historic buildings to to their original condition, subject to the Conservation Management Plan.

Robert Lowe, Savills Director of Metropolitan & Regional Sales, said, “Very rarely does an opportunity arise to purchase an entire row of residential apartments/ duplexes which comprise an island block in the case of 74-80a High Street, just moments from the Sydney Harbour foreshore and adjacent to Barangaroo.

“This is a truly unique occasion for investors and developers alike to own a piece of Sydney’s rich heritage,” he said.

Richard Shalhoub of Sotheby’s International Realty, said, “There is potential to transform the wonderful 1900s historical masterpiece that is ‘Stevens Buildings’ into luxurious residences, prominently situated in one of the most coveted streets in Millers Point.

“There is actually tremendous scope to restore and transform both assets which are zoned as R1 General Residential, which will provide housing needs for the community and maintain the existing land use pattern of predominately residential use and we expect interest from both local and offshore investors and developers,” he said.
 
Both properties - 73 Windmill Street and 74-80A High Street, Millers Point - will be sold at auction on Thursday 14 December 2017 at 10.30am. 

McGrath taking another tranche of Millers Point properties to market

McGrath is also selling a tranche of Millers Point properties - 46-48 Argyle Place - a rare Colonial Georgian home on a large 358sqm of land with parking. It is currently configured as two homes, which could be preserved, or the home could be be returned to its original single-home format.

The properties are being marketed by Lorraine Crawford, Peter Starr and Andrew Stewart of McGrath Edgecliff with an auction date of December 6. McGrath his offering a price guide of $5,000,000 - $5,500,000.

McGrath is also marketing: 

• 40 Merriman Street, Millers Point, NSW, price guide $1,500,000 - $1,600,000
• 42 Merriman Street, Millers Point, NSW, price guide $1,500,000 - $1,600,000
• 61 Windmill Street, Millers Point, NSW, price guide $2,200,000 - $2,400,000
• 125 Kent Street, Millers Point, NSW, price guide $2,500,000 - $2,750,000
• 88 Kent Street, Millers Point, NSW, price guide $2,500,000 - $2,700,000
• 70-72A High Street, Millers Point, NSW, price guide $5,000,000 - $5,200,000

McGrath agent Lorraine Crawford said, “With such a wide variety of properties being offered, we will see a mix of buyers from investors to owner occupiers. We are continuing to experience strong interest in the area and this is due to the sought after inner city location, with the development of Barangaroo also attracting people who are keen to secure a piece of what limited supply remains in Millers Point before the program is complete.”

Read more about NSW Property's sale of historic Millers Point homes:

Next tranche of Millers Point public housing goes to market

The changing face of Millers Point

McGrath takes 33 Millers Point apartments to market