Final opportunity to purchase a rare freehold property in a heritage precinct

Market Insights
2 years ago
2 minutes

Developed by Lendlease and built by Balmain & Co, Gramercy Terraces offers 31 three-storey, three and four-bedroom freehold terrace homes with spacious backyards. This development provides more than just the opportunity to own a slice of sought-after Richmond - it’s also an extremely rare opportunity to own a piece of history. 


In 1908 the site was home to the Wertheim Piano Factory until Heinz moved in. In 1956 the building was reinvented into the Channel Nine Studios at the advent of television. The site’s most recent iteration as Gramercy Terraces offers purchasers a rare chance to live in a historic building within a charming heritage precinct. 

The original building has been reimagined and refurbished with many modern elements, including aluminium, steel and eco-conscious double glazing throughout. Every aspect of Gramercy Terraces is an ode to elegance and has been curated to offer intuitive living. The precast walls and suspended concrete slabs showcase some of the engineering feats required to create the spaces. At the same, these and other similarly thoughtful design elements offer greater thermal comfort and acoustic insulation. 

World-renowned Signorino offers immaculate Italian stone, tile and pavers throughout the development, including their signature stone benchtop and splashback in the kitchen. At Gramercy Terraces, the kitchen is the heart of the home - offering elegance, functionality and longevity of build. Buyers are also offered optional extras to truly make these homes their own, including a Miele integrated double fridge and a Miele integrated wine fridge. 


These terraces have been designed for the future. Technological integration, heightened security, EV charging provisions, a host of sustainable features, and an average NatHERs rating of 6.5-stars ensure the development will continue to be a sound investment for years to come. 

Additionally, Gramercy Terraces is perfectly positioned to enjoy the best of Richmond. The local lifestyle is defined by connectivity and convenience, with plenty of nearby dining and shopping options. Wellbeing also comes naturally at Richmond; the nearby parklands, river trails, and Burnley Golf Course ensures an active lifestyle is almost effortless. 

This is the final opportunity to join the Gramercy Terraces community, with only four terraces remaining. Prices start at $1,945,000 for a spacious three-bedroom terrace, with significant stamp duty savings available for eligible buyers. 

Construction has commenced on schedule, and the project is expected to be completed in late 2022. Gramercy Terraces’ display suite is open and available to book appointments seven days a week - to book, or for more information, click here.