Prime Sophia Road residential site up for collective sale
For a price of $45m.
Fairhaven, a 15-unit residential development located along Sophia Road, has been launched for sale by public tender by sole marketing agent JLL.
More than 80 per cent of the owners, by share value and strata floor area, have consented to the collective sale.
This is the first collective sale attempt by the owners of Fairhaven, who are seeking offers in excess of $45 million.
This translates to approximately $1,169 psf per plot ratio on the potential GFA, after factoring in the 10 per cent bonus balcony.