Leichhardt warehouse with residential development potential listed

A two story Leichardt warehouse with zoning and development potential is set for auction later this August.

The "Elements I Love” owners Brooke Crowle and Tim McGuigan are selling 124 James Street. They plan to relocate the business to Byron Bay. 

Currently surrounded by three street fronts and freestanding houses, the property’s zoning permits the construction of a house, but also the ability to build apartments, multi-dwelling housing, semi-detached dwellings and shop top housing up to 14m high if granted council approval.

It is currently surrounded by three street fronts and houses. 

Sydney City Fringe Principal Kristian Morris and associate Lachlan Palm of Ray White Commercial NSW hold the listing.

Set on an 875 site, the holding is located close to the intersection of the City West Link Rd, James Street and Darley Rd, just 5kms to Sydney CBD and a 2 minute walk to the Light Rail stop. 

Last sold in 1998, the property transacted for $500,000.

The building was also listed in August 2018 but following an unsuccessful expressions of interest campaign it was taken off the market in January 2019

The auction is scheduled for August 24.