Campbelltown’s heritage-listed Georgian terraces fetch millions at auction

Picture: Knapp Property Group

Picture: Knapp Property Group

Three of Campbelltown’s most historically-significant properties have sold at auction for impressive sums today.

Three of the Georgian terraces opposite Campbelltown Mall on Queen Street went under the hammer today and attracted plenty of bids from interested parties.

Tim Knapp from Knapp Property Group – the real estate agency responsible for the sales – said the auctions of 288, 292 and 298 Queen Street drew a crowd of about 50 people from 11am today.

The first property – 288 – sold for $1.42 million, 292 sold for $1.295 million and finally 298 fetched $950,000.

“It was a great result,” Mr Knapp said.

“It was a very exciting auction and it had a lot of ups and downs like any great auction does.:

Mr Knapp said there were “multiple purchasers” of the three properties but could not reveal the new owners just yet, as the sale has not been officially settled.

He said all three buildings met reserve and were sold under the hammer.

The Advertiser announced the sale of the trio of almost 200-year-old buildings in September.

The former owners – the Benevolent Society – put the terraces on the market because they had “outgrown the space”.

Coolies Auctions ran the auctions on site.

The Georgian terraces were constructed about 1840 and have remained stand-out structures in the Campbelltown CBD ever since.

The Office of Environment and Heritage website lists the buildings as “among the first to be acquired and restored by the state government for the purpose of conserving the state’s environmental heritage and therefore represent an impact landmark in the history of conservation”.

They were added to the state heritage register in April, 1999.