Surry Hills $7.5 million warehouse trophy home with heart-shaped pool sold

Surry Hills $7.5 million warehouse trophy home with heart-shaped pool sold
Jonathan ChancellorDecember 7, 2020

A Surry Hills warehouse residence has been sold for around its listed $7.5 million plus hopes.

It was one of Sydney's earliest residential industrial conversions.

Title Tattle recalls the 1970s conversion undertaken by Gordon Youett and Kerry Yates was used as fashion company Espirit's headquarters for many years.

It still has its heart-shaped, blue-tiled swimming pool.

In 1987 4 Davies Street attracted the eye of fashion designer Stuart Membery who bought it in 1987 for $750,000.

It sold 16 months later for $1.16 million to Membery's ex-business partner Michael Watson. 

It sold again in 1998 for $1.25 million to Tim Evangelinidis, who resold it 20 months later for $1.92 million to Michael Robinson.

The warehouse last sold in 2004 at $2.5 million to Michael Hayes. The record stood at $5.71 million when businessman Neville Miles and his wife Beryl sold their Surry Hills warehouse to artist Melinda Marshman and her husband Dr David Marshman in 2012.

"As warehouse homes go, this could be Sydney's pinnacle," the initial BresicWhitney marketing suggested.

Last weekend the nearby converted warehouse of Kay Lanceley, widow of the late artist Colin Lanceley sold pre-auction for around $5 million. 

 

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.

Editor's Picks