An artist’s impression of a penthouse, with its incredible view, at Rozelle Village.
Buyers have paid close to $7m for three-bedroom apartments on the site of the former Balmain Leagues Club in Rozelle, which has been derelict for 15 years.
The club was shut down in 2010 for a metro station that never eventuated, there was a suspicious fire there in 2022; and everyone from an inner west mayor through to the Planning Minister have labeled the site an “eyesore”.
But that’s all set to change, and the lofty price tags no obstacle at the first weekend of sales of ‘Rozelle Village’, with agents reporting more than 40 one-, two- and three-bedroom units were exchanged at the off-the-plan launch event.
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Construction of Rozelle Village is expected to start soon.
The project will be complete in 2028.
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All up, there were more than $140m in apartment sales at the $285m project by developers Perifa, part of Versatile Group, with investment partner Mitsubishi Estate Asia.
Fabrizio Perilli, co-founder and managing director of Perifa, said it was mostly local buyers who snapped up the apartments, some of which will have uninterrupted views of the city skyline and harbour.
“We’re thrilled with the level of interest in Rozelle Village,” Mr Perilli said.
“It demonstrates the strong demand for well-designed, high-quality homes in the inner west, but also the ongoing demand we’re seeing for new housing in Sydney.
“Rozelle Village is providing the people of Sydney with the quality housing they so desperately need, and with open, community spaces and well-curated retail amenity for everyone to enjoy.
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A three-bedroom apartment sold for close to $7m.
Demolition of the old Balmain Leagues Club commenced in February and is now complete. Picture: Sam Ruttyn
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“With demolition complete, we’re looking forward to progressing with construction over the coming months.”
David Milton, Managing Director SRM Residential, wasn’t surprised by the level of interest.
“As expected, the response to the development was very strong,” he said.
“There is such limited supply in this area and buyers have been anticipating this release for a long time.”
Rozelle Village is Perifa and MEA’s second major joint project in Sydney, following Putney Wharf Residences.
With architecture by StudioS.C, interiors designed by SJB, urban design and landscaping by Arcadia and retail curation by Retail Strategy Group, Rozelle Village is expected to provide a high-quality, community-focused precinct with long-term value for both new residents and the existing Rozelle community.
The site was destroyed by fire in 2022. Picture: Daily Telegraph / Monique Harmer
It was considered suspicious. Picture: Daily Telegraph / Monique Harmer
Led by Versatile Construction, ground works have commenced with construction approval received, and project completion anticipated in the first half of 2028.
There will ultimately be up to 227 homes in the 2-16 storey mixed use development, which will also feature a registered club, new supermarket, community facility and public plaza.
In May, Planning Minister Paul Scully said: “The old Balmain Leagues Club site on Victoria Road has been an eyesore for too many years, but will now be transformed into a thriving residential area with a supermarket, registered club, and public plaza.
“This is a resolution to the site that is long overdue.”
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