Leichhardt warehouse offering up for auction

Leichhardt warehouse offering up for auction
Leichhardt warehouse offering up for auction

The former Sydney investment banker Alastair Walton is selling the Leichhardt warehouse conversion which was bought in June last year for his four children.

It goes to October 15 auction with $1.8 million hopes.

It was bought for $1.55 million which was $255,000 over its reserve.

The property at 26 Mackenzie Street was the site of a sign-writing business. After the premises were stripped bare, there's been little more than a splash of paint.

The upper mezzanine level has been configured to host two bedrooms separated by a bathroom.

Walton, who was a major fundraiser for the Liberal Party, was appointed our first Consul General to Houston by the Federal Government last October.

More than 50 Fortune 500 companies are headquartered in Texas and the state exports A$2.5 billion worth of goods to Australia. More than 100 Australian companies operate in Texas, including BHP Billiton, Woodside, Santos, WorleyParsons, Macquarie Group, Pryme Oil and Gas, Lend Lease and Brambles.

Walton had most recently been the chairman of BKK Partners, the minnow corporate advisory firm which had Peter Costello briefly as a director, and before that been co-chairman and managing director of Goldman Sachs Australia, taking over from then merchant banker Malcolm Turnbull.

This article was first published in the Sunday Telegraph.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Residential Warehouse Leichardt

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