Historic North Melbourne cable tram shed conversion sold

A historic cable tram shed and workshop in North Melbourne that has been converted into a family home has been sold for $6.5 million.

It was bought three years ago for $3.35 million by car collector Chris Page because he wanted to grow his car collection.

He and his family moved from their Carlton home and renovated the historic 1918 building which had previously sold in 1978 at $155,000.

It is now a vast five bedroom home with a big garage downstairs as well as a street-facing mechanic business.

Page hoped that another like-minded car lovers will secure the property which was also advertised as a development site.

His hopes came true, as the buyer is a fellow car enthusiast who has a car collection.

The property first began as a cable tram shed in the 1920s before being converted into a tramways administration office and then finally into a Mediterranean grocer before being converted into the current home.

The reported pre-auction price indications were $5.5 million for the property that includes the mechanic business space.

The business owner would be happy to stay if the new owner wishes.

The property was offered through Jellis Craig agents John Morello and Simon Mason.