Ter­races a slice of his­tory

The NSW gov­ern­ment is sell­ing more of its Millers Point her­itage prop­er­ties

The Weekend Australian - Life - - PROPERTY - TURI CON­DON

The face of the once shabby pub­lic hous­ing area at the foot of the Syd­ney Har­bour Bridge will be fur­ther gen­tri­fied with the NSW gov­ern­ment re­leas­ing an­other 10 of its his­toric Millers Point ter­races for sale.

Some of the ter­races have sweep­ing views catch­ing the Har­bour Bridge and be­tween its sand­stone pil­lars to the Opera House; oth­ers look west across the top of Walsh Bay and the har­bour to Mil­sons Point.

Last week one ter­race — the six-bed­room 9 Lower Fort Street — changed hands for $6.1 mil­lion, the high­est price in a batch of nine that went un­der the ham­mer. The cheap­est in this group was 60 Kent Street, a four-bed­room un­ren­o­vated circa-1876 Vic­to­rian-pe­riod ter­race that sold for $1.75m.

On June 8 an­other lot of 10 homes will be auc­tioned through McGrath Es­tate Agents with two of the prop­er­ties — 75 Kent Street and 81 Kent Street — hav­ing six bed­rooms, as does 7 Dal­gety Ter­race.

The three-storey Kent Street ter­races fea­ture or­nate lace work and fire­places, and french doors.

The Vic­to­rian Ge­or­gian-style Dal­gety Ter­race, circa 1848, over­looks Walsh Bay and the Har­bour Bridge.

The small­est home to go un­der the ham­mer next month is the one-bed­room 22 Mer­ri­man Street.

The area is chang­ing with much of the nearby South Baranga­roo of­fice build­ings, apart­ments, restau­rants and re­tail built and Cen­tral Baranga­roo out to ten­der to de­vel­op­ers.

Circular Quay is also set for a makeover with new of­fice tow­ers planned and China’s Dalian Wanda propos­ing a 180-apart­ment lux­ury tower on the site of Gold Fields House, the ageing of­fice build­ing it bought for $415m last year.

“This new tranche of prop­er­ties will ap­peal to buy­ers be­cause it of­fers a broad mix of prop­er­ties across five dif­fer­ent precincts,” Gov­ern­ment Prop­erty NSW chief ex­ec­u­tive Brett New­man says.

All the Millers Point prop­er­ties have con­ser­va­tion man­age­ment plans en­dorsed by the NSW Her­itage Coun­cil.

The state gov­ern­ment has reaped more than $218m from the sales so far with 80 of the his­toric homes sold.

The pro­ceeds of the sales will fund 1500 new so­cial­hous­ing dwellings, ac­cord­ing to the gov­ern­ment.

Clock­wise from main pic­ture, Millers Point ad­dresses 13 Lower Fort Street, sold at auc­tion last week for $4 mil­lion; Dar­ling House; and 60 Argyle Place

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