I recently negotiated the off-market purchase of a combined 1,400sqm development site in Rose Bay for approximately $43 million, bringing together three separate titles at 2, 4 and 6 Conway Avenue into a single development opportunity.
The acquisition included two houses and two apartments on one site and was secured through Mark Yates of Raine & Horne Double Bay without the property ever being publicly marketed.
Contracts exchanged in late July following a four-week due diligence period, with the existing structures set to be demolished to make way for a new apartment development.
One of the biggest advantages I bring to my clients is the relationships I’ve built over more than 25 years working in real estate across Sydney’s eastern suburbs.
Having worked as a real estate agent for 25 years in the eastern suburbs, I developed strong relationships with the majority of local agents. Those relationships became even stronger after I transitioned into buyer’s advocacy because we already understood how each other worked and how to transact efficiently together.
The client was specifically looking for small development sites, and through my market knowledge and network, I quickly identified the Conway Avenue properties as a strategic opportunity that aligned with their brief.
Because the property was off-market, we were able to move quickly and execute the deal efficiently. Once the opportunity was identified, we entered into a four-week due diligence period and exchanged contracts shortly after.
For me, successful acquisitions are about more than simply finding a property. It’s about understanding development potential, market conditions, resale value, and ensuring the process runs smoothly from start to finish.