Sydney Residential Development Site Sale

CROWN International Holdings Group has paid $27 million for a North Sydney development site with plans and permits for a 180-unit apartment complex.

The 1600 square metre site at 211 – 223 Pacific Highway will be added to the portfolio of the Sydney-based builder, which according to the AFR, controls some $1 billion worth of apartments in local developments in Parramatta, Rhodes and above the Top Ryde City shopping centre in Ryde.

New South Wales

New Residential Development Set For Pemulwuy, Sydney

May 9, 2011 Marc Pallisco Pemulwuy, Sydney Residential Development Site Sale

PEMULWUY, in Sydney’s outer west, is set to see a new residential development, soon, after a builder paid $5.86 million

New South Wales

10 Wylde Street, Potts Point, Sells for $17-$20 Million

March 7, 2011 Marc Pallisco Ashington, Parissen, Potts Point, Potts Point Residential Development Site Sale, Sydney Residential Development Site Sale, Wylde Street

A POTTS Point residential development site has sold for between $17 and $20 million.

The property at 10 Wylde Street, is a hotel, but was to have become a luxury residential development.

Before the economic downturn a penthouse apartment in the proposed $70 million complex reportedly sold for a speculated $20 million before “falling through” after the publicity died down.

New South Wales

Toga Group Buys Kings Cross Hotel for $16.75 Million

March 6, 2011 Marc Pallisco Kings Cross, Sydney Hotel Sale, Sydney Residential Development Site Sale, Toga Group

THE Mansions hotel, in Sydney’s inner-city Kings Cross, has sold to developer Toga Group for $16.75 million.

The property, which currently trades as a pub, is expected to be converted into an apartment complex. Toga purchased the site on terms subject to this redevelopment being approved. The Mansions soars five levels. It was one of the last controlled by the Landmark Leisure Group which went into receivership in 2009.

Other sites owned by LLG included the Vegas Hotel, which like The Mansions is also in Kings Cross. Other assets include Darlingsford’s Oxford Hotel and the peakhurst Inn.

New South Wales

Bondi Apartment Complex Could Fetch $25 Million

February 16, 2011 Marc Pallisco Bondi, Bondi Beach, Sydney prestige residential, Sydney Residential Development Site Sale

A SOUTH African investor is set to reap between $17 million and $25 million, from the sale of an entire apartment block on Bondi Beach, in Sydney’s ritzy east.

The complex at 105 Ramsgate Avenue includes 10 apartments, and the only “boathouse” on Bondi Beach – a small cupboard effectively, big enough for a kayak sized vessel.

The vendor, businessman and developer Neill Miller, is selling the block after obtaining a permit to build three luxury apartments on the site.