Big gap between buyer and seller at artist's Annandale warehouse auction

Big gap between buyer and seller at artist's Annandale warehouse auction
Staff reporterDecember 7, 2020

Artist James Powditch’s converted Annandale warehouse was passed in at weekend auction.

The $2.85 million opening bid was followed by a vendor bid of $3.7 million.

When mixed-media artist James Powditch and his wife, graphic designer Diane Adair bought their Annandale home, it was just an empty shell of a warehouse.

It was marketed as one of the best warehouse residences in Sydney. 

BresicWhitney agent Chris Nunn had a $3.5 million price guide for the 320 sqm building.

The couple paid $1.05 million before its conversion in 2010 into 500 sqm of internal living space, including five bedrooms.

Editor's Picks

Parkhill Melbourne wins major Housing Industry Association award for 2024
Dusk Group sets sights on Caloundra new apartment market
Box Hill's best new apartment development approaches completion
"We will reward the buildings that are designed the best" VIC Gov to speed up approvals for best designed apartment developments
Beulah unveils new sustainable Fitzroy development