More Millers Point property sold by NSW Government including Hit & Miss hotel premises
McGrath sold the latest tranche of government-owned Millers Point properties last night for a total of $12,765,000.
The four properties sold under the hammer included two terrace homes, two side-by-side terraces sold in one line, and a landmark seven-bedroom residence which was originally built as the “Hit & Miss” hotel.
McGrath Edgecliff agent, Lorraine Crawford, said the Millers Point market "continues to show strength."
It saw healthy bidding on all properties with the buyers a mix of owner occupiers and investors.
“We have maintained McGrath’s 100 percent auction clearance rate with the stand out result the sale of the iconic “Hit & Miss” hotel which sold under the hammer for $4,805,000,” said Ms Crawford.
The "Hit & Miss" hotel was licensed from 1852 until 1923.
It later operated as a migrant hostel, before it was remodelled into five residential apartments in the 1930s.
The heritage building is a rare offering with exquisite features ready to be restored to a grand home.
The properties were sold by Lorraine Crawford, Peter Starr and Andrew Stewart of McGrath Edgecliff.
69 Windmill Street, Millers Point, NSW (above)
Sale price: $4,805,000
14-16 Trinity Avenue, Millers Point, NSW (above)
Sale price: $3,000,000
52 Kent Street, Millers Point, NSW (above)
Sale price: $2,600,000
1 Windmill Street, Millers Point, NSW (above)
Sale price: $2,360,000
