$10 million paid for Sydney's first apartment block at Millers Point

Stevens Buildings in Millers Point, the first residential apartment building to be constructed in New South Wales, has fetched $10.05 million in its auction through Property New South Wales.

The Windmill Street building, designed by architect Joseph Alexander Kethel, comprises 11 apartments with views of the Sydney Harbour Bridge, Garrison Church and Observatory Hill.

There are nine one bedroom apartments and two two bedroom apartments, with open balconies to each level. The ground floor apartments have their own courtyards.

It was built in 1900 as a boarding house on the site of the former ‘Live and Let Live Hotel.'

The property (above) was marketed by Savills agents Rob Lowe and David Hickey in conjunction with Sotheby's.

They had a $9 million to $9.5 million guide for its auction, with it sold in one line. 

An entire row of period terrace duplexes has also been sold off by Property NSW on behalf of Family and Community Services as part of the Millers Point sales programme to fund social housing.

The building, 74-80a High Street, comprises eight two-bedroom period terrace duplexes divided into two blocks each comprising four apartments on a 539 sqm island site. 

74-80a High Street (below) was expected to fetch about $8 million to $8.5 million, and sold at $9.8 million.

The block is one of a group of early twentieth century workmen’s apartments built by the Sydney Harbour Trust in the early 1900’s.

There is scope to transform the apartments to their original condition, subject to Conservation Management Plan (CMP).