Point Piper lock-up garage listed for luxury car price of $120,000: Title Tattle
An ivy-clad streetfront 18-square-metre Point Piper lock-up garage in Sydney’s eastern suburbs has been listed with a $120,000 asking price.
The non-waterfront garage, at Lot 8, 39 Wolseley Rd, is listed through Park Properties agent Jake O'Neil.
The vendor owns the garage on a 99-year leasehold that expires in August 2100.
There are no body corporate fees or rates given it does not come with its own title.
Title Tattle is aware of a $125,000 storage space sale in a basement garage on the other side of Wolseley Road.
The 17-square-metre storage space was bought by the Curran family in 2009. The family negotiated their purchase in a deal involving right-of-way access with the neighbouring Sienna development.
The Wentworth Courier notes garages have the potential to fetch the same prices as new luxury cars as the demand for parking and/or storage in high-density areas spikes.
