Former 1930s Chippendale post office sells for $1.48 million

Former 1930s Chippendale post office sells for $1.48 million
Former 1930s Chippendale post office sells for $1.48 million

A retail buyer has fended off competition from architects, fashion and advertising businesses and residential developers to acquire a former Chippendale post office built in 1931 for $1,477,000 at auction.

The single storey red-brick brick corner building at 2-4 Shepherd Street in inner Sydney offers 300 square metres of space and has two car spaces.

It was offered for sale the first time in 60 years as a creative/studio space, with interest also coming from the arts community.

The building is just 25 metres from Broadway in Sydney, a short walk from University of Technology Sydney (UTS) and the Frasers-Sekisui House $2 billion Central Park mixed-use development.

"The property benefits from flexibility of use, from a retail-commercial mix to work-live options, in a location convenient to shopping facilities, universities and the CBD. As such the price achieved was above expectations," says Cushman and Wakefield director Lindsay Sturrock, who marketed the building.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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