Lidcombe’s Last 36-44 John Street Apartments to Sell

21 September 2017

Savills Australia on behalf of Receivers and Managers, Barry Taylor and Todd Gammel of HLB Mann Judd, has been appointed to sell the last remaining apartments across levels 8 and the top floor on level 9 at 36-44 John Street in Lidcombe.

This apartment development has 14 storeys, designed by international architect, Architecture Design Studio (ADS) and completed in April 2017 featuring 141 residential apartments, 16 retail/ commercial suites and four levels of secure underground basement car parking. In addition, there may be an opportunity for the owner of lot 134 to alter the configuration for the purpose of building further improvements on structures on level 10 and the airspace above subject to zoning changes, council & owners corporation approvals and compliance with the by-laws and strata management statement.

Savills agents Tim Grosmann, David Hickey and Nigel Napoli have been appointed to sell 19 of these spectacular apartments with the highest level of luxury throughout with prices ranging between $650,000 to $1,500,000 for the two x 1 bedroom apartments, ten x 2 bedroom apartments, three x 3 bedroom and four x 4 bedroom apartments over levels 8 and 9. Total sizes for the apartments and balconies vary from 63sq m to 233sq m.

All apartments boast uninterrupted views to the city skyline and/or blue mountain ranges, are just metres from shops, cafes and established eateries with a short stroll to Lidcombe train station with easy access to the surrounding suburbs.

According to David Hickey, Sales Executive, Metropolitan & Regional Sales at Savills, “With the current lack of brand new ready-to-occupy apartment stock on the market, we expect significant interest from investors and owner occupiers looking to purchase the apartments individually, in groups or packaged in one line.

“36-44 John Street is located in a prominent position with Lidcombe train station, retail outlets, medical facilities, universities, schools and sporting grounds all at the door step.”

Tim Grosmann, Director, Capital Transactions at Savills said “With such accessibility, each apartment will demand premium prices per square metre for the Lidcombe area.”

“Since 2015, the median apartment price in Western Sydney has risen by 12.4% and with $10 billion being spent on infrastructure the area is set to become an attractive prospect for families and investors alike.”

The development is within close proximity to Lidcombe Public and St Joachim Primary School, as well as TAFE South Western Sydney Institute, Lidcombe College and the University of Sydney Cumberland College Campus.

Lidcombe is just 9km or 15 minutes to Parramatta, Sydney’s second-largest and fastest growing CBD and a centre of commerce, culture and entertainment. The Sydney CBD is just 18km or 30 minutes away.

These vacant apartments are for sale through an Expressions of Interest campaign through Savills Australia.

 
 

Key Contacts

Tim Grosmann

Tim Grosmann

Director
Capital Transactions

Savills Sydney

+61 (0) 2 8913 4818

 

David Hickey

David Hickey

Sales Executive
Metropolitan & Regional Sales

Savills Sydney

+61 (0) 2 8215 6074