301 Miller St Apartment Building For Sale Cammeray, NSW 2062

This asset delivers a gross passing income of approximately $360,000 per annum (fully leased estimate) and offers strong depreciation benefits. The building’s R4 High Density Residential zoning and under-utilized vertical envelope present future development potential, with an estimated additional 8 meters of buildable height allowing for 2–3 extra levels of premium accommodation (STCA).
The property’s location in Sydney’s Lower North Shore ensures enduring demand, supported by proximity to major transport infrastructure, retail amenities, and employment hubs.
301 Miller Street represents a rare opportunity to acquire a blue-chip, income-generating residential investment in one of Sydney’s most tightly held precincts. Constructed in 2021, the building offers immediate scale, negligible CAPEX, and strong rental performance, underpinned by its premium design and strategic location.
The property’s proximity to the newly opened Victoria Cross Metro Station provides direct access to Barangaroo in 3 minutes and Martin Place in 5 minutes, driving future rental growth and capital appreciation. With R4 High Density zoning and latent development potential for additional levels (STCA), this asset combines secure income with long-term value creation.
Already subdivided under a registered strata plan, the property offers ultimate liquidity and exit flexibility, making it an ideal acquisition for investors seeking a defensive, future-proofed asset in Sydney’s Lower North Shore.