Rare Dept of Defence house blocks to go under the hammer

Vacant land anywhere close to Sydney’s CBD is rare as hen’s teeth so when 17 house blocks go under the hammer at once it’s something crow about — particularly in this hot spot.

McGrath Estate Agents has been appointed by the Department of Defence as exclusive selling agent for one of its most prized residential land holdings in the popular inner west suburb of Haberfield.

McGrath CEO John McGrath describes the site of the former Haberfield Army Reserve Depot as one of the most significant residential land offerings to be released to the market in inner Sydney in recent years.

(McGrath CEO John McGrath says it’s one of the most exciting offerings in his 40-year career. Picture: Julian Andrews)

“I’ve been in real estate for over 40 years and this is one of the most unique and exciting offerings we’ve had the pleasure of bringing to the market,” he said.

The site at Hawthorne Parade (with entry from Darragh Lane) comprises 17 level lots ranging in size from 500 sqm to 1,044 sqm, totalling 10,760 sqm on offer.

With McGrath national general manager of sales and auctioneer Troy Malcolm presiding, bidding for the lots is expected to range from $1.6m to $2.85m at the auction set for the evening of March 27.

(The 17 level lots range in size from 500sqm to 1,044sqm, with bidding expected to range between $1.6m to $2.85m.)

“Haberfield is one of Australia’s proudest heritage suburbs with almost all the original Victorian and Federation homes intact, having been carefully preserved and now protected by a local heritage conservation order.”

Long referred to as “the garden suburb”, Haberfield was established in 1901 as a retreat from cramped inner city living.

Ref: Rare Dept of Defence house blocks to go under the hammer Photo Credit- Julian Andrews