Property NSW is managing the sale of approximately 290 government owned properties in Millers Point, on behalf of Family and Community Services (FACS). The proceeds are reinvested into the supply of over 1,500 new social housing dwellings across Sydney and regional NSW.
More than $526 million has been raised from the sale of 172 NSW Government-owned properties in Millers Point, delivering a significant boost for social housing across the State.
As of January 2018, a total of 775 units have been completed and 372 units are currently under construction as a result of the Millers Point sales.
The sales have included small workers cottages, grand Edwardian terraces, stately homes and whole apartment blocks. The highest value single property sold to date, a block of 12 one bedroom apartments on the corner of Merriman and Bettington streets, which sold for $12.3 million.
Millers Point has one of the richest cultural and architectural histories in Sydney, with picturesque heritage buildings and historical landmarks. Most of the Millers Point properties now being offered for sale retain a remarkable level of original and intact building fabric, form and architectural detailing and finishes. Together and individually they are a rare and potentially unique heritage resource in Australia.
All purchasers of properties in the Millers Point are required to adhere to NSW Heritage Council-endorsed Conservation Management Plans (CMPs), which set out in extensive detail the purchaser’s heritage maintenance obligations.
For further information visit www.rediscovermillerspoint.com