Uncommon Dept of Defence home blocks to go underneath the hammer

Vacant land anyplace near Sydney’s CBD is uncommon as hen’s tooth so when 17 home blocks go underneath the hammer directly it’s one thing crow about — notably on this sizzling spot.

McGrath Property Brokers has been appointed by the Division of Defence as unique promoting agent for one among its most prized residential land holdings within the common internal west suburb of Haberfield.

McGrath CEO John McGrath describes the positioning of the previous Haberfield Military Reserve Depot as one of the crucial important residential land choices to be launched to the market in internal Sydney lately.

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“I’ve been in actual property for over 40 years and this is likely one of the most unusual and thrilling choices we’ve had the pleasure of bringing to the market,” he mentioned.

The location at Hawthorne Parade (with entry from Darragh Lane) contains 17 degree tons ranging in measurement from 500 sqm to 1,044 sqm, totalling 10,760 sqm on provide.

With McGrath nationwide common supervisor of gross sales and auctioneer Troy Malcolm presiding, bidding for the tons is predicted to vary from $1.6m to $2.85m on the public sale set for the night of March 27.

Mr McGrath mentioned vacant land within the space was extraordinarily uncommon.

“Haberfield is a coveted residential precinct and the chance to purchase prime vacant land like this has hardly ever been out there to consumers wanting to construct their dream houses,” he mentioned.

“Haberfield is one among Australia’s proudest heritage suburbs with nearly all the unique Victorian and Federation houses intact, having been fastidiously preserved and now protected by a neighborhood heritage conservation order.”

Lengthy known as “the backyard suburb”, Haberfield was established in 1901 as a retreat from cramped internal metropolis dwelling.

It’s identified for its extensive, tree-lined streets and enormous backyard blocks.

McGrath’s Michael Tringali, a long-term resident of Haberfield and a property specialist within the space, describes it as a “once-in-a-lifetime alternative”.

“The combo of lovely interval houses, parks and surrounding cafes and eating places make Haberfield one among Australia’s most habitable suburbs,” Mr Tringali mentioned.

The Hawthorne Parade web site is a five-minute stroll from the Mild Rail and fewer than 600m from Haberfield’s City Centre when accessed from the O’Connor Road walkway. Leichhardt’s common Norton Road Village and Market Place are 4 minutes’ drive away. “We now have a robust group tradition that celebrates nice espresso and wonderful Italian meals,” Mr Tringali mentioned.

“This can be a suburb that recognises its deep European ties and welcomes everybody.”

PropTrack places the median value for four-bedroom homes in Haberfield at $3.5m, up 11.1 per cent over the previous 12 months.