Built c1885 by Morris Nelson, this grand Victorian Italianate terrace is one of four historic residences forming the landmark Palermo Terrace row. A rare opportunity to secure an integral part of Sydney’s early history, this significant residence enjoys a world-class harbourside setting at the foot of the iconic Harbour Bridge. Amazingly the property is largely intact offering a superb canvas for a sympathetic refurbishment capitalising on its stunning harbour views, impressive proportions and exceptional address. This State Heritage Register listed property is offered for sale by 99 year government leasehold.

Features include:
- Impressive 6m frontage, reception hall, soaring 3.5m ceilings
- Sweeping views over Walsh Bay and Goat Island to Lavender Bay
- Classic layout with three levels plus a basement and courtyard
- Magnificent formal rooms with fireplaces and gas kitchen
- Flexible layout with multiple living rooms and large bedrooms
- Largely original condition, ripe to restore to its former glory
- Courtyard with rear lane access, steps to theatres and cafes
- Prime harbour precinct, walk to the CBD and the historic Rocks