Petersham warehouse conversion site gets price reduction

A factory warehouse that has been a Petersham landmark since its 1904 construction failed to sell at weekend auction.

With the site conditionally approved for a residential development, Duncan Gordon and Michael Harris of Raine & Horne had initial $5 million hopes.

It now is listed with $4.28 million to $4.5 million price guidance.

The Beynon & Hayward warehouse at 6 Livingstone Road was originally a grain store. The building was adapted in the 1930s into Sydney's first furniture removalist and storage facility and the iconic signage along Livingstone Road has been in place ever since. 

The building was originally constructed between 1886 and 1904 by James E. Gould, who was Marrickville’s mayor in 1897, 1898 and 1905, operating as a grains store and.

The site is being offered complete with conditional DA approval for a high quality residential development featuring 18 luxury apartments and two ground floor retail outlets.

The property has three street frontages.

This section of Petersham is less than seven km to Sydney CBD either on bus or by train, with retail and coffee/dining all closeby. 

The existing warehouse features vast interiors, soaring corrugated iron roofing, exposed timber beams and original brick walls. The new complex will include a choice of studio, one and two-bedroom layouts each with generous proportions and good natural light. 

Architects have worked to retain the building's signature sawtooth facade and showcase designer chic with quality modern finishes throughout.