Parramatta. Penthouse sold for $805,000

Crown Group International has sold a 173-square-metre penthouse with three bedrooms, two bathrooms and two car spaces, for $805,000, in the $125 million, twin-tower Gallery mixed-use complex, in Cowper Street in the southern section of the Parramatta CBD. The penthouse is one of 12 in the 246-apartment building, which was completed last year. Crown bought a vacant site on the corner of Hunter, Marsden and Macquarie streets, last year,for about $15 million, from the Melbourne-based Becton Property Group. The company proposes to build a $220 million residential and mixed-use development on the site, in the western section of the CBD. A current DA approval exists for a mixed-use building of some 20 storeys