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Prestigious school snaps up another neighbouring site

Property Markets / Transactions

Australia

Apr 15 2018

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The prestigious Sydney eastern suburbs school, Ascham School has bought a 962sq m site at 45 Darling Point Road for $14.1 million, adjoining the school’s 4-hectare campus at New South Head Road, Edgecliff.

The site was purchased from a family who owned the two apartments for more than 30 years, however, it is understood the raw site could yield 8 apartments had it gone to an apartment developer.

The land is currently undeveloped and does not have an attached development application or planning proposal.

In 2011, Ascham School bought 1911 Duntrim for $12.25, developing the mansion into a new boarding facility and Centre for Sciences. 

 

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