Mayrin Group buys Roseville site for townhouse development
Developer Mayrin Group has purchased a site in Sydney’s North Shore for more than $35 million through Savills Australia.
The site features nine individual residences and spans 6,778sqm.
The site, 130-138 Archer Road and 10a, 12 and 14 Boundary Street in Roseville is 600 metres from the Chatswood Business District.
William Wu, the Director of Mayrin Group said the site has two street frontages, will provide more than 40 townhouses.
"This rare, medium-density product will reshape and lead the local market which is dominated predominantly by apartments and houses," he said.
The site boasts an 80.63 metre street frontage along Archer Street and an 87.3 metre frontage along Boundary Street.
According to Stuart Cox, Director of Residential Site Sales at Savills, Roseville is a hotly contested Lower North Shore suburb with very few opportunities to acquire a property of this unique size.
“This is one of the largest land holdings sold to date on the North Shore," he said.
"The site is zoned R3 Medium Density Residential, which lends itself to a premium grade, low-rise residential flat building development or prestigious townhouse development.
"There are currently no premium townhouses for sale ‘off the plan’ in the whole suburb."
