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

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

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.

Tags: 
Residential Auction Annandale

Comments

Be the first one to comment on this article
What would you like to say about this project?