Eight apartment owners join to sell their North Shore block for $ 20 MILLION

The property at 85 Kurraba Road, Kurraba Point, on the north coast of Sydney, will become a luxury development site

Eight apartment owners have sold their apartment block to developers, accumulating more than $ 20 million.

The property at 85 Kurraba Road, Kurraba Point, on the north coast of Sydney, will become a luxury development site.

Due to the residential zoning allowed by the North Sydney Council, an apartment block of 12 meters, approximately four stories high, can be built on the site.

The property at 85 Kurraba Road, Kurraba Point, on the north coast of Sydney, will become a luxury development site

The property at 85 Kurraba Road, Kurraba Point, on the north coast of Sydney, will become a luxury development site

Due to the residential zoning allowed by the North Sydney Council, an apartment block 12 meters high, approximately four stories high, can be built on the site.

Due to the residential zoning allowed by the North Sydney Council, an apartment block 12 meters high, approximately four stories high, can be built on the site.

Due to the residential zoning allowed by the North Sydney Council, an apartment block 12 meters high, approximately four stories high, can be built on the site.

The actions of the owners who come together to sell the block as one is becoming a trend in Sydney real estate

The actions of the owners who come together to sell the block as one is becoming a trend in Sydney real estate

The actions of the owners who come together to sell the block as one is becoming a trend in Sydney real estate

CoreLogic reported that the previous apartment to sell on the block was $ 1 million in 2015, according to realestate.com.au.

Now the owners will receive $ 3 million each, which is $ 1.76 million above the average selling price of the suburb.

"We saw that the site had great potential to capitalize on the views it offers, as well as its location for the ferry and services, so we approached them and bought them together," said Guillaume Volz of Colliers International.

Colliers received 12 offers for more than $ 20 million for the property of national and international applicants.

The owners of the North Shore property relinquish views of the port, but will receive $ 3 million each, which is $ 1.76 million above the average selling price of the suburb.

The owners of the North Shore property relinquish views of the port, but will receive $ 3 million each, which is $ 1.76 million above the average selling price of the suburb.

The owners of the North Shore property relinquish views of the port, but will receive $ 3 million each, which is $ 1.76 million above the average selling price of the suburb.

According to Mr. Volz, the action of the tenants of 85 Kurraba Road to sell the property is part of a growing trend.

He said he is also selling properties in Cammeray and Waverton, where the owners have made similar agreements.

The property is located on a huge lot of 1,454 square meters and is only 300 meters from the Kurraba Point pier.

There are also shops, medical facilities and nearby schools.

The property is located on a huge lot of 1,454 square meters and is only 300 meters from the Kurraba Point pier.

The property is located on a huge lot of 1,454 square meters and is only 300 meters from the Kurraba Point pier.

The property is located on a huge lot of 1,454 square meters and is only 300 meters from the Kurraba Point pier.

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