Lowry Property Group announce the off-market sale and settlement of 104-106 Alexander Street, Crows Nest. This transaction marks a significant milestone as the first freehold sale in Crows Nest in over 12 months, signalling renewed confidence in the market as local owners are becoming more willing to act following recent town planning announcements.

In December 2023, the NSW Government designated Crows Nest as a Transport Oriented Development (TOD) Accelerated Precinct, aimed at addressing Sydney’s housing crisis by promoting diverse, affordable housing options near transport and essential amenities. However, a significant revision limited the rezoning benefits to select properties along the Pacific Highway, leaving certain properties closer to the Crows Nest Metro Station without the expected development opportunities. This shift created unique pressures in the market, with many owners choosing to wait until the planning framework was clarified.

The sale of 104-106 Alexander Street reflects a turning point in the Crows Nest market, as owners now feel a sense of direction with the confirmed planning guidelines and are more open to moving forward with transactions. This is Lowry Property Group’s third successful off-market collaboration with The Grant Group, representing the buyer, and marks a major consolidation for the purchaser, who has now assembled a prime 1,170 sqm contiguous site with a 4-storey height limit, totalling$23.1 million.

Jason Lowry and Nick Lowry of Lowry Property Group have been pivotal in driving momentum in Crows Nest, having been involved in all nine of the most recent freehold sales in the area. Their unparalleled market expertise and local connections have solidified Lowry Property Group’s position as the leading agency for commercial transactions across Crows Nest & the Lower North Shore.

“The sale of 104-106 Alexander Street is a testament to the growing confidence in Crows Nest's potential,” said Nick Lowry, Co-Founder of Lowry Property Group. “While town planning limitations have been challenging, we’re now seeing movement from owners who are ready to transition, and demand is strong among buyers looking for prime, well-positioned assets in TOD precincts.”

This transaction underscores the continued interest from owner-occupiers and investors alike, who recognize the unique potential of Crows Nest as a high-demand area for both residential and commercial development. Despite the reduced scope of rezoning, the appeal of proximity to transport hubs, amenities, and employment centres has positioned Crows Nest as a prime location for strategic investment.

Lowry Property Group’s commitment to connecting buyers and sellers, along with its in-depth understanding of the local market and development landscape, has been instrumental in securing strong results. For those interested in learning more about the Crows Nest market or exploring the potential of their assets, please contact Jason Lowry or Nick Lowry for a confidential conversation.

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