It’s not every day that a stranger will come knocking on your door to convince you to sell your house so they can build a multi-storey $750 million apartment complex.
But that was precisely what happened six months ago when 12 home owners in Sydney’s well-heeled suburb of Mosman were approached by a developer keen to demolish the properties to make room for an amalgamated 5368 square metre site.
The wheels were put in motion soon after, and the sale was finalised three months ago. A block of between six and eight storeys with 80 to 100 apartments will be built on the site, subject to local council and state government approval.
The 12 houses on Brierley Street and Rangers Avenue in Mosman to be stitched together have an average value of $4.36 million, with an average land size of 472 sq