Wedged between the body corporate blocks and extravagant residences of Wakefield Quay sit three weathered homes, soon to be demolished to make way for modern town houses that overlook the cut.
Some local property investors, who wish not to be named, purchased 357 Wakefield Quay with the intention of rebuilding on the land for themselves. But with 355 and 353 also on the market they bought up in an attempt to “safeguard their sun, views and privacy”.
Demolition on the current houses is expected to start in around two months time, with building starting soon after.
Both properties will be sold on different titles.
The investors are still waiting on pricing but say they expect the properties will sell for around 1.5 million