Five unusual converted warehouse apartments
Warehouse conversions are increasing in popularity across Australia, offering space and character when renovated.
Property Observer picked out five, currently listed, warehouse apartments that offer something slightly different for a sharp-eyed buyer.
16/26 Wellington Street, Collingwood, Victoria
This apartment, in “The Kiln” building from circa 1862, includes three bedrooms and two bathrooms, and a solid brick vaulted ceiling.
It’s an unusual offering to the market, with redgum floors and huge open spaces. It includes a library and two undercover car spaces, and there is a roof deck with views over the city.
The three bedroom apartment had been tipped to fetch $1.35 million to $1.45 million at its hockingstuart auction last weekend.
It was passed in at $1.35 million.
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24 Church Street, Fortitude Valley, Queensland
A “New York style” converted warehouse, this offering comes with three-bedroom plus study and three-bathrooms, and has timber floors and sky lights.
It has a private entry courtyard with “award winning gardens” that had been featured in the magazine Trends and had also appeared on Better Homes and Gardens.
A fire place is included and the listing notes that there is the potential for a wine cellar. It also has air conditioning, an indoor aquarium, intercom security and a spa.
It sits on 223 square metres of land, with 396 square metres of building floor area. Rates are quoted at $3,222.44 per annum with a current renter in the property for $1,300 per week ending on the 19 December this year.
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8/2 Cardigan Lane, Camperdown, New South Wales
Looking for over $750,000, this property is in an old upholstery factory. With a north-west aspect, the two-bedroom, two-bathroom property includes high ceilings, timber floors and exposed beams.
It has intercom, and comes with $1,267 per quarter levies.
It has been rustically styled, including the debatable dead-animal skull on the wall.
Property Observer particularly likes the bare brick walls.
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32/82 King Street, Perth, Western Australia
This property takes up the entire fifth floor, and 548 square metres, of the Wills Building, which was initially used to warehouse the G&R Wills Company in 1866.
The Edwardian-style building is located close to Louis Vuitton and Tiffany’s outlets, and includes wrought iron entry gates.
A timber panelled elevator takes the occupant to a private lobby to enter the property, which has timber floorboards and glass/steel atriums.
It has five bedrooms, four with ensuites, and one which opens onto an atrium entertaining area.
Currently it is zoned residential, although there is the potential for commercial zoning – and the listing notes that the vendors are prepared to rezone as part of the contract. This may please investors who can live in part and rent out the rest or convert the entire property.
Other tenants in the building include a law firm at present.
It last sold for $850,000 in 2003.
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10/170 Oxford Street, Collingwood, Victoria
This apartment, asking for $950,000, is a three-bedroom two-bathroom offering that is in the Foy & Gibson development and is in ‘penthouse-style’.
It includes two large terraces, a walk-in pantry, heating and cooling and life access to lobby. It has a lower-level parking space.
It currently rents for $3,737 per calendar month until mid-March 2015.
The contrast between the modern interior and the older exterior has helped this listing achieve a place in the top five.
