Lugarno waterfront estate selling for first time in 110 years

A rare waterfront estate at Lugarno has come onto the market for the first time in 110 years.

The 24,500 square-metre (6.3 acre) property is described as possibly the last of its kind in the Sydney metropolitan area.

The parcel of land at 80 Boronia Parade includes a small cottage about 80 years old, boatshed and a wharf.

Records show it was purchased from the City Bank of Sydney between the years of 1908 and 1915 after the bank foreclosed on the prior owners in the depression of the 1890s.

The two brothers who owned the property started living there when they were eight-years-old.

They became well-known builders in the local area and then moved onto oyster farming on the Georges River.

After oyster farming, they used the property as a market garden, growing fruit and vegetables which they sold to the local community.

In 1920 the estate was subdivided and Boronia Parade was constructed.

A large portion of the land has been cleared and it has possibly three street access points via Boronia Parade and Ballanda Avenue.

It is described as perfect for developers, land subdivision, retirement living or church or school retreats.

The sale is being handled by One Commercial Real Estate who are seeking expressions of interest.

"I don't know if there is anything comparable of its size left in Sydney on the waterfront," One Commercial managing director Joshua Charles said.

"6.3 acre waterfront sites such as this simply don't exist in the Sydney metropolitan area anymore, making this a highly desirable piece of real estate," he said.

The site is currently zoned R2 Low Density Residential under the Hurstville Local Environmental Plan 2012.

Expressions of interest close on Thursday, March 12 at 4pm and can be made in writing to One Commercial.

Contacts are Joshua Charles 0412 600 005, or Simon Kent 0403 510 190.