Breen Property has announced that its exclusive Shearwater Landing residential estate at Greenhills Beach, (located immediately adjacent to North Cronulla in Sydney’s Sutherland Shire), has now sold out.
Breen Property has announced that its exclusive Shearwater Landing residential estate at Greenhills Beach, (located immediately adjacent to North Cronulla in Sydney’s Sutherland Shire), has now sold out.
Mr Tom Breen, Executive Chairman of Breen Property said that he was thrilled to see his long standing vision for Shearwater Landing at last come alive.
“Shearwater Landing is a unique development in the history of Sydney’s real estate.” said Mr Breen. “No other residential land release has had the past usage history of this 13 hectare site. It has been remediated and totally re-contoured and re-engineered to produce 160 large, environmentally sensitive, master-planned home sites, of which 27 enjoy spectacular uninterrupted views over the Pacific Ocean and Greenhills Beach (Sydney’s longest surfing beach). The Shearwater Landing precinct enjoys direct access to the Beach Reserve and to the water’s edge.” Mr Breen added, “I believe that the completion of this high quality residential estate will add a new and long lasting vibrancy to the area and to the Shire as a whole.”
Selling prices for the 160 home sites were from just under $1m to $3.4m per lot. The lots range in size from 550sq m, to over 1,000sq m in several cases. Beachfront sites are all in excess of 785sq m.
Savills Director of Residential Projects, Nigel Napoli, said that this has been an extraordinary project.
“Throughout the sales process we received over 5,000 enquiries for the 160 home sites. This, without a doubt, demonstrates the huge appetite for premium coastal home sites.
“From the fencing around the site being erected, to opening the doors of the display suite for the first time, buyers have been queueing up to secure their chosen home-site for their future dream home,” said Mr Napoli.
Extraordinarily, more than 90% of purchasers were local to the Shire.
“Most of the purchasers grew up in the area, and now that they have young families, they want to build their dream home, right by the beach, in the area they grew up in,” added Peter Coulton, Savills selling agent.
“Families have been so excited at the prospect of owning one of these lots that they have been mapping out their bedrooms and taking photos to post on Facebook so that all their friends and relatives can see.
“With sales settlements for the sites having commenced, it is thrilling to see so many buyers showing such ongoing enthusiasm,” Mr Coulton added.