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Metro snaps up Naremburn residential site

Property Markets / Transactions

Australia / Sydney

Feb 28 2018

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Metro Property Development (Metro) has bolstered its New South Wales landbank, acquiring a 1,320 square metre residential development site on Sydney’s lower north shore.

Prominently located at 155-161 Willoughby Road in Naremburn, the site was procured by Metro in late 2017 and is set to become a boutique collection of nine luxury townhouses known as ‘The Nines’.

Currently pending DA approval, The Nines will consist of nine luxury townhouses designed by high profile architects A+ Design Group.

Situated just minutes from Crows Nest Village, this boutique collection of townhouses will each be split over three levels with large interiors and intelligent design.

“We are thrilled to secure this prominent site in the tightly held lower north shore. Population growth, demographic changes and lifestyle trends are driving demand for a greater variety of housing and we are excited to contribute to the ‘missing middle’ with this luxury townhouse project,” said Phil Leahy of Metro Property Development.

The luxury townhouses are expected to range from 235 to 301 square metres in size and be priced from $2.5 million. Each townhouse will include a balcony, lush private gardens, and basement parking in the Lower North Shore.

“With spacious interiors and situated in a premier location, The Nines will cater to all generations,” said Leahy.

Subject to Development Consent, The Nines is to launch in May, 2018 with completion due in the third Quarter of 2019.

Metro Property has quickly established a presence within the New South Wales residential sector. The developer recently launched Sierra Residences in Kellyville in Sydney’s north-west comprising of 51 boutique homes ranging from four to six-bedroom configurations.

In 2017 Metro completed the Final Stage of its Eden residential estate in the growth suburb of Catherine Field delivering a total of 150 lots to Sydney’s south-west. The developer also completed 50 luxury town homes at its Fairway Residences located at 88 Centenary Drive, Strathfield.

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