RWC Western Sydney has successfully negotiated the sale of two entire unit blocks in Westmead for $6,250,000, alongside an off-market transaction of a 31-room boarding house in St Marys for $9,700,000.
The Westmead transaction included two adjoining unit blocks, offered separately but acquired together by a private medical professional investor with deep ties to the area’s hospital precinct.
“We had an overwhelming response to the Westmead campaign, with 197 enquiries, 37 inspections and 41 contracts issued, which demonstrates the strong investor appetite for well-located, full-ownership residential assets,” said Joseph Assaf of RWC Western Sydney.
“Our strategic marketing campaign was key, using video, social media, PR, and a targeted outreach to medical professionals in the Westmead health precinct,” said Peter Vines, managing director.
The buyer, whose family works closely with the Westmead Hospital network, plans to gift one of the fully furnished units to the Westmead Cancer Unit, offering short-term accommodation to families supporting loved ones undergoing treatment.
“It’s a rare and humbling example of a buyer wanting to give back to the community through their investment,” said Andrew Sacco, sales executive.
The seller, a local developer, originally built one of the blocks 13 years ago and acquired the neighbouring site later to form a rare double-holding opportunity in one of Sydney’s most tightly held medical precincts.
Meanwhile, the St Marys property, a 31-room boarding house in the heart of the suburb, was sold off-market to a buyer with a strict acquisition mandate for high-yield, purpose-built accommodation.
“This deal was completed off-market through direct negotiation. It reflects the ongoing strength of demand for well-managed rooming houses in key growth corridors,” said Alex El Hazouri, associate director.
Following these results, the team has now been appointed on another full-unit block at 8 Caroline Street, Westmead, set to hit the market on Monday. The deceased estate is being offered for the first time in 40 years and comprises six units just metres from Westmead Hospital.
“Westmead remains one of the most attractive locations for unit block buyers in Sydney. The combination of hospital expansion, infrastructure investment and limited supply is driving long-term confidence in the area,” Mr Assaf said.
