Redfern warehouse $2.2 million dearer, but still an empty shell
An old industrial warehouse offered for sale as the best potential single residence in Redfern with $3 million hopes fetched $3.61 million at its weekend auction.
The George Street building had last sold for $1.43 million in 2012.
The 350 sqm property was auctioned by William Phillips of BresicWhitney with eight registered bidders.
There's little more than exposed brickwork, its tallowwood and brushbox floorboards and its treetop outlook. The vendors bought the space from the Anglican Church and spent $500,000 on basic renovations, to configure it as a one-bedroom home with a kitchen, garage and two long empty rooms.
The property is one of Redfern's top authentic warehouses and could become the area's best residence.
A four-bedroom house at 27 Chelsea Street, Redfern sold for a suburb record of $3.45 million in August.
Budding venture capitalist Dan Gammell and his art dealer fiancee, Eleanor Cheetham had bought the home of the late artist Brenda Humble in 2013 for a then record price of $2.58 million.
In that time they undertook a modest renovation, including installing a new kitchen.
Shannan Whitney, of BresicWhitney shared the listing with McGrath agent Ben Collier.
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