Sold for $36.25m with 30 days settlement, the 99 year leasehold land includes a collection of significant residential dwellings and a commercial Bed and Breakfast along Cumberland and Gloucester Streets, and Longs and Carahers Lanes, with connections to Early Victorian and Edwardian architectural periods.
Sold through Stuart Cox, Neil Cooke, Johnathon Broome, Andy Hu and Jordan Lee of Savills Australia on behalf of Property & Development NSW, the 17 residential style dwellings and one commercial property are situated upon one land title, and all are either presented as they were originally built between 1822 and 1992, or restored/renovated, with 14 of the 18 properties listed on the State Heritage Register.
Longs Lane Terraces is just a five minute walk to the harbour foreshore, world-renowned landmarks like the Sydney Opera House and the Harbour Bridge and is at the doorstep of Australia’s largest economic hub.
Stuart Cox, Director, Residential Site Sales at Savills Australia said The Rocks is considered Sydney’s identity by many around the world – a landmark tourist destination filled with pedestrian ways, arts & culture and some of the oldest hotels in the country.
“Whether you’re a tourist or a local resident, The Rocks encapsulates an incredibly unique atmosphere with a character not found elsewhere” he said.
Its waterfront location and outlook to some of the most recognisable architectural landmarks in the world makes it a highly sought after location for travellers to explore and Sydneysiders to enjoy.
“The Sydney CBD is ever evolving and continues to lead the way as a forward thinking international city and the historical Rocks precinct is an extension of that” continued Mr Cox.
The street addresses of the Longs Lane Terraces are: 140-142 Cumberland Street, 136-138 Cumberland Street, 132-134 Cumberland Street, 130 Cumberland Street, 103-111 Gloucester Street,
113-115 Gloucester Street, 117-117A Gloucester Street, 1-3 Longs Lane and 13-15 Carahers Lane.
*Approximate