Developers responsible have issued an apology, claiming they had no idea of the Sydney property's cultural significance.

"We regret that the previous long-term owner did not share this vital part of the property's background with us," developers said in a statement.

He went on to pledge that the team plans to salvage materials from the site and honor the historic property by erecting a “special space,” like a cafe or bar, where AC/DC fans

In 1963, the Young family moved from Scotland to Sydney, where they spent some time at a migrant hotel and a few rented houses before settling into a permanent home at 4 Burleigh Street. In 1964, George Young,

The childhood home of Malcolm and Angus Young, where they laid plans to form AC/DC in 1973, was demolished last month by a company which said it hadn’t known the location’s history. The brothers and their family moved into 4 Burleigh Street in Burwood,