Joel Robinson

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

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Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Development Site

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Melbourne developer Nick Corcoris has bought a 12.24-hectare site in Officer.
The site, 54 kilometres from the centre of Melbourne, cost $20.25 million in an off-market deal with the local landowner, Fairfax Media reported.
Selling agents Red23 said it was the highest price paid – on a per hectare basis – in Officer, a new housing hub where projects are being undertaken by the likes of Satterley Property Group.
Corcoris Group is developing Epping Views, a major project in the city's north.
Selling agent Paul Oliver from Red23 said the price paid for the Rix Road site reflected the lack of land supply in the market and also its proximity close to a train.
It's one of Melbourne's most expensive land markets with a median price of around $254,100 for a lot in the Shire of Cardinia.
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Developer Nick Corcoris splashes $20.25 million on Officer site

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Cushman &amp; Wakefield have sold an industrial development site in South East Melbourne for $2.6 million.
 
 
The Rowville development at <a href="https://www.realcommercial.com.au/property-land+development-vic-rowville-502588742" target="_blank">28 Enterprise Drive</a> sold to a private local developer
 as availability of industrial stock in Melbourne’s south east continues to tighten.
The 6,030 sqm corner property is a vacant site located in the city of Knox within the Rowville industrial precinct, around 27 kilometres south east of Melbourne’s CBD.
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The site currently neighbours the Repco head office and is surrounded by other major corporate tenants such as Australia Post, Javac Pty Ltd &amp; CRL Australia.
Cushman &amp; Wakefield agents Andrew O’Connell and Jordie Cassidy managed the sale on behalf of local Rowville vendor, Matthews Australia Pty Ltd.
O’Connell, said they are pleased to have successfully completed the sale of the final block available for sale in the entire Rowville industrial precinct.
"The sale represents a record price for the City of Knox of more than $400 per sqm, with the severe shortage of developable land in Melbourne’s south east continuing to drive strong prices."
Given strengthening demand in Melbourne’s south east industrial market, Cushman &amp; Wakefield has recently launched a local office in Mount Waverley.
The new office opening is part of the continued expansion of Cushman &amp; Wakefield’s industrial agency business in Victoria that has grown substantially during 2017.
 
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Cushman & Wakefield sells Rowville development site for $2.6m

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The owners of the 7,300 sqm proposed Rozelle Village development at the site of the Balmain Leagues club are understood to be selling the site to another developer, in another chapter in its 11 year story.
Club officials have requested the new owners for the Tigers to be allowed to return to their home, according to the Inner West Courier.
Inner West Council mayor Darcy Byrne said he has written to the new buyer, Grand Rozelle Pty Ltd, a fully owned subsidiary of Heworth Investment.
The letter to Grand Rozelle Pty Ltd director, Yuhui He, has asked the company to reopen the car park behind the Club on Waterloo Street, to help local businesses and residents.
“There is an existing approval, which I achieved through Leichhardt Council, for 6 - 8 storey development of the site, which includes space for a new leagues club to be gifted to the Tigers. We know this scale of development stacks up financially because we paid for a firm to undertake a commercial viability study. I hope the new owner takes this approved development as the starting point,” Byrne said on his official Facebook page.
Back in 2012, property developer Pacific Investments had put up a ‘Rozelle Village’ proposal for the Balmain Leagues club site in Rozelle.
The revised proposal, which is double the size of the original plan that was rejected in 2010 because it was considered too big, had also prompted outrage from local activists.
Rozelle Village director Ian Wright had wanted to redevelop the site, which would include two multi-storey apartment towers.
However, the proposal was stalled in the Land and Environment Court.
The owners had appealed an earlier decision by a NSW government’s Joint Regional Planning Panel to reject the development, which also included a supermarket and shops.
It is understood the latest sale is yet to be finalised and the exchange period is underway.
“Previous State Government determinations as well as this year’s ruling by the Land and Environment Court make skyscrapers an impossibility on the site,” said Byrne.
“I hope the new owner simply accepts this and works constructively to replace the current eyesore with a good development that allows the Tigers to return to Rozelle.”
Greens State MP for Balmain Jamie Parker called on the new owner to open up community consultation about its plans for the site.
“The community welcomes the change of ownership for the Rozelle Village site and hopes this will provide the opportunity for a fresh start,” Parker said.
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Balmain ­Leagues Club site will soon have a new owner

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Savills have snappily sold a Melbourne city fringe development opportunity designed by Fender Katsalidis Architects.
It sold for $61,888,888 to a childcare operator rather than property developer.
Botree Group sold it to the Little Lane Early Learning Centre which intends to build a super-charged childcare and education centre on the site.
Their intention is for a very high quality childcare, a training college and community support for early childhood education.
Little Lane's chief operating officer Shan Kuo said the group operates 15 centres in Queensland and has another four planned in Melbourne.
They propose facilities including an indoor swimming pool and rock climbing centre.
The <a href="https://commercialpropertysearch.savills.com.au/searchdetailplainnew2noborder.aspx?id=05a59360-50c7-e611-80c4-005056816dfc&amp;jt=For%20Sale&amp;com=False&amp;ret=False&amp;ind=False&amp;lan=False&amp;addr=68%20Buckhurst%20Street%20South%20Melbourne%20%20VIC%203205" target="_blank">68 Buckhurst Street</a>, South Melbourne mixed use project is a near hectare site.
It came with a newly approved permit for a landmark mixed-use development permit that allows for 1,004 apartments over four towers.
It was listed through Savills agents Benson Zhou, Nick Peden and Jesse Radisich, in conjunction with Colliers.
The 9,478 square metre site has three street frontages bounded by Kerr Street, Buckhurst Street and Gladstone Place, South Melbourne. 
It has view corridors toward CBD/Southbank, Royal Botanic Gardens, and Port Philip Bay.
It was 2014 when the then Minister granted a permit for the proposal, subject to conditions, but the land and permit were later sold.
The subsequent owners then prepared an amended proposal. 
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Savills secure snappy Fender Katsalidis-designed South Melbourne site sale to child care operators

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Salta Properties has paid $51 million to acquire a site in the Melbourne inner suburb of Richmond. 
The site at <a href="https://www.realcommercial.com.au/property-land+development-vic-richmond-502484226" target="_blank">459-471 Church Street</a> has frontages to Church, Shamrock and Brighton Streets, and is on the doorstep of the East Richmond Railway Station.
The 5,276 sqm site is one of the largest within Melbourne’s inner city suburbs and Salta has plans for over 25,000 sqm of office space, a childcare facility, and ground floor amenities across three buildings. 
Salta Properties managing director Sam Tarascio said Richmond was one Melbourne’s sought-after hubs for technical innovation and blue chip office space. 
“Salta considers 459 Church Street to be the best available commercial development site in Melbourne outside of the CBD,” he said. 
“We are confident this property will mirror the success of our commercial developments at Victoria Gardens Corporate and Nexus Corporate and we are eager to progress to the next stage of planning.” 
The development will have food and beverage offerings, childcare, a medical clinic, rooftop terraces and co-working spaces mixed in over three buildings. The development will also have a 6-star Green Star rating. 
The site was sold through JLL’s Lincoln Reynolds,  Langton McHarg and Marcus Quinn.
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Salta buys site in Richmond for $51 million for office towers 

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Seagull Lodge has been sold for $2.4 million to a Sydney investor.
The ageing block of apartments at 99 Seagull Avenue, Mermaid Beach, was sold over the phone when auction through Tony Velissariou, of Burleigh’s Tony V Real Estate in conjunction with Luke Henderson, of The Professional Mermaid Beach.
The three-level Seagull Lodge is on a 647 square metre site in a medium-density residential zone.
The property was listed after the six owners agreed to a consolidated marketing effort.
The Gold Coast Bulletin reported they will each will receive $400,000.
The highest price paid by any of them for a unit was $334,000 in 2008.
One of the sellers had paid $77,000 in 1993.
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Seagull Lodge, Mermaid Beach sold for $2.4 million to Sydney investor

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Savills have listed a Melbourne city fringe development opportunity.
Designed by Fender Katsalidis Architects, <a href="https://commercialpropertysearch.savills.com.au/searchdetailplainnew2noborder.aspx?id=05a59360-50c7-e611-80c4-005056816dfc&amp;jt=For%20Sale&amp;com=False&amp;ret=False&amp;ind=False&amp;lan=False&amp;addr=68%20Buckhurst%20Street%20South%20Melbourne%20%20VIC%203205" target="_blank">68 Buckhurst Street</a>, South Melbourne is a mixed use project. 
The near hectare site comes with a newly approved permit for a landmark mixed-use development permit that allows for 1,004 apartments over four towers.
It is listed through Savills agents Benson Zhou, Nick Peden and Jesse Radisich, in conjunction with Colliers.
The 9,478 square metre site has three street frontages bounded by Kerr Street, Buckhurst Street and Gladstone Place, South Melbourne. 
It has view corridors toward CBD/Southbank, Royal Botanic Gardens, and Port Philip Bay.
It was 2014 when the then Minister granted a permit for the proposal, subject to conditions, but the land and permit were later sold.
The subsequent owners then prepared an amended proposal. 
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Landmark Fender Katsalidis South Melbourne development site listed

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A 2,435 sqm development site in Williamstown has been bought by a Chinese national for $4.5 million.
Savills sold the vacant corner property at <a href="https://www.realcommercial.com.au/property-land+development-vic-williamstown-502443422" target="_blank">9-27 Kororoit Creek Road</a> with residential zoning.
The land, sold by VicRoads, is opposite the North Williamstown railway station.
Its level crossing is being converted into an overpass.
The site has been in the hands of VicRoads since the 1970s for the purposes of widening the road.
It was subsequently abandoned due to widening on the northern side of the road. The land has been declared surplus. 
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Savills sells Williamstown sites to Chinese national

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The billionaire developer, Harry Triguboff, says unit sites have come down by about 10 per cent in price.
His Meriton Group has purchased a $25 million property at <a href="https://www.realestate.com.au/property/133-oriordan-st-mascot-nsw-2020" target="_blank">133 O’Riordan St, Mascot</a> near one of his other projects.
The site has been approved for a 99-unit development.
The purchase follows Meriton’s $245 million recent acquisition of an 11ha site near La Perouse in Sydney’s eastern suburbs.
“Unit sites have come down by about 10 per cent (in price),” Mr Triguboff told The Australian with the latest buy equating to about $2700 a sqm of gross floor area.
Sites could be purchased with approvals in place, so building could start quickly, he said.
Mr Triguboff noted the apartment boom had also attracted inexperienced developers to the market, who were now finding it tougher to get projects off the ground.
Earlier this month Mr Triguboff said he had cut his apartment prices by 5 percent.
the apartment market was worsening and would have a severe impact on the economy if it was not arrested.
While first-home buyers returned to the housing market after July on the back of state government grants, Mr Triguboff said this would not replace the loss of offshore and local investors and would result in less long-term rental stock being built. 
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Harry Triguboff adds another Mascot apartment project to his portfolio

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One of the first mixed-use development sites in Sydney’s Inner West suburb of Burwood within The Parramatta Road precinct is set to hit the market through Savills.
Located at 318-324 Parramatta Road, the site has four separate lots accommodating three detached commercial dwellings situated on nearly 3,664 sqm of land.
The sale is being managed by Neil Cooke, Stuart Cox and Johnathon Broome of Savills Australia.
The site will be sold through an expressions of interest campaign closing November 15.
It benefits from being situated within the finalised Parramatta Road Urban Transformation Strategy carrying with it a proposed maximum height limit of part 21 metres and part 24 metres; a part 2.1:1 and part 2.4:1 FSR and a part B4 Mixed Use and part R3 Medium Density Residential zoning which lends itself to a premium mixed use development subject to council approval.
It is close to transport and the local business hub.
The elevated nature of the site provides the property with panoramic district and city views to the eastern elevation and Blue Mountains views to the western elevation, via a redevelopment of the site, according to the agents.
There is potential for 8,404 sqm* of Gross Floor Area (GFA), 8,016sqm* of Residential GFA and 375sqm* of commercial/ retail GFA, according to Savills. 
A concept scheme has been prepared for the property allowing for 104 residential apartments and ground floor retail space.
The three-detached single storey commercial/light industrial dwellings all with associated on-grade hard stand parking currently return $359,767 per annum of gross holding income. 
Each of the three properties will be offered for sale subject to ‘Going Concern.’
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The Greater Sydney Commission, which manages the Parramatta Road Urban Amenity Improvement Program, will work with the six councils to deliver the projects in partnership.
The Greater Sydney Commission’s Chief Commissioner Lucy Turnbull AO said the projects have strong community support, according to a recent NSW Government press release.
“As Sydney grows, it will be more and more important that we enhance the liveability of our suburbs by creating great spaces where people will want to live and work and are encouraged to get out and walk or cycle or relax in well-designed opened spaces,” Turnbull said.
Stuart Cox said Burwood is a well-established suburb which has developed into a mixed commercial and residential precinct and hence a lot of interest was expected from high net worth investors and developers.
 
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