Developer snares Rockdale apartment site

A permit-ready Rockdale development site has sold for $8.5 million.

The 1306 square metre block, 401-405 Princes Highway, is earmarked for a seven-storey complex with 43 dwellings and two ground floor retail tenancies.

The deal – with a local builder – values each unit at $197,674.

It is also $1.5m over reserve (story continues below).

Savills’ Nick Lower and Selin Ince were the agents.

Rockdale is about 13 kilometres south west of Sydney, near the airport.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of