An consortium headed by local property developer Terry Shaw has paid $63.75 million to purchase all five of the lots that were sold this morning at the Campbell 5 auction.
29 groups were bidding in the auction at the National Portrait Gallery.
The first block to go under the hammer was a mixed use site of 7,020 sqm which allows for up to 205 dwellings plus commercial space. This lot sold for $15 million.
The second block permits up to 103 dwellings and also has the potential for a hotel to be built on the 5,719 sqm site and was bought for $13.5 million.
The 4,257 sqm block sold for $14.5 million and allows for up to 110 dwellings and also has the potential for a hotel on the site.
The smallest block of 2,095 sqm allows for up to 50 dwelling plus commercial space and sold for $9.75 million.
The remaining 2,382 sqm block sold for $11 million and allows for up to 60 dwellings as well as commercial space.