Historic Breakfast Point Blacksmiths Workshop sold

Breakfast Point’s historic Blacksmiths Workshop at 123 Peninsula Drive has been snapped up by a high net worth individual for $7,300,000.

Following a competitive expressions of interest campaign, the 3,133 sqm heritage building was marketed and sold by Ray White Commercial Western Sydney Managing Director Peter Vines and Directors Victor Sheu and Joseph Assaf.

Providing uninterrupted views of the Parramatta River, Mr Vines said the landmark property attracted interest from developers, residential buyers and operators in the hospitality industry.

“This was one of the most unique properties I’ve ever worked on and it was no surprise that we received more than 100 enquiries, and nine offers, given there can be numerous future uses for it,” Mr Vines said.

“This was the last available waterfront asset within the award-winning Breakfast Point master planned development, nearing completion by Rose Group and Cbus Property, on a 52ha site which is home to some 2,650 dwellings."

The property was built in 1891 and has housed the display suite for the entire project for many years.

The building is 400 sqm internally and the site has an R3 Medium Density zoning, however, it has received approval for commercial use.

“It would suit hospitality, commercial office, residential or a mixture of uses which would need approval by the City of Canada Bay Council,” Mr Assaf said.