Former Mark Foy's Surry Hills warehouse apartment sells for $1 million plus

Former Mark Foy's Surry Hills warehouse apartment sells for $1 million plus
Jonathan ChancellorDecember 7, 2020

About $875,000 had been tipped, but $1,055,000 was achieved at the weekend auction of a Surry Hills warehouse apartment in Sydney Mansions.

Behind the heritage brownstone facade, the three bedroom apartment in the former Mark Foy's warehouse has 113 internal square metre space.

It was converted in late 1999 and renovated in 2011. The strata levy sits at $2,267 a quarter.

The Ray White Surry Hills agency marketed it as "Manhattan-loft cool".

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The two-level home has one bathroom plus plumbing for a second shower.

With an open design with 5.1 metre ceilings, 301/133 Goulburn Street had a northerly aspect through large windows.

There was one security car space. 

It had last traded for $815,000 in mid-2012 when Surry Hills apartments median was $505,000, against the current $585,000 median, according to RP Data.

It first sold in 2000 at $490,000 and then at $575,000 in 2004.

Property Observer gleans the warehouse for department store Mark Foy's had previously had eight sales above $800,000, with an $845,000 prior record. The most recent was a one bedroom loft style apartment sold at $800,000.

The most popular suburb for auctions on the weekend was Surry Hills with nine auctions, according to Australian Property Monitors.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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