A FURTHER 12 properties will soon be sold as a part of Government Property NSW’s Millers Point sell off — the first three of the lot are on the market.
A three-bedroom terrace at 39 Kent St is expected to sell for more than $1.6 million at auction, in line with the prices fetched for some of the previously sold properties.
A four-bedroom terrace at 51 Kent St and a five-bedroom terrace at no. 49 are also on the market and are expected to fetch well above $1.6 million.
To date, Government Property NSW has sold 12 of the 293 properties that were used as government housing, making just under $26.8 million.
The terraces along Kent St, Argyle Place, Windmill St and Lower Fort St have sold for between $1.624 million and $3.95 million.
Minister for Family and Community Services, Brad Hazzard, recently announced that the money made from the sales so far has been put into building 10 two-bedroom seniors living dwellings in Lurnea in Sydney’s southwest. The apartments are nearing completion with 99 new properties also under way in another 11 suburbs.
The three Kent St properties will go under the hammer on Thursday, May 14, at 6pm.
39 Kent St, Millers Point
MILLERS POINT FOR SALE: RESULTS SO FAR
26/08/2014: 29 Lower Fort St – $2.56m
21/08/2014: 119 Kent St – $1.911m
25/09/2014: 86 Windmill St – $2.27m
11/09/2014: 11 Lower Fort St – $3.95m
11/09/2014: 23 Lower Fort St – $2.685m
8/10/2014: 30 Argyle Place – $1.71m
5/12/2014: 24 Argyle Place – $2.35m
5/12/2014: 28 Argyle Place – $2.302m
5/12/2014: 32 Argyle Place – $2.15m
17/03/2015: 41 Kent St – $1.624m
16/03/2015: 43 Kent St – $1.625m
5/03/2015: 47 Kent St – $1.64m