Surry Hills millionaires show a flair for pricey warehouse conversions
The record-setting $5.71 million Surry Hills, Sydney warehouse sale by businessman Neville Miles and his artist wife, Beryl, to a McMahons Point couple topped the prices in the weekend auctions.
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Marketed as arguably Sydney’s finest single-dwelling warehouse, its McGrath selling agents Ben Collier and Andrew Hackett had been seeking $5 million plus for the Bennett Place warehouse (pictured above) which dates back to the 1870s.
There was a $5.5 million reserve on the backstreet warehouse, which had been extensively renovated by Hare + Klein since the 247-square-metre holding last sold at $3.1 million in early 2009.
The previous Surry Hills warehouse record holder was sold late last year by entrepreneur Duncan Burns for $4 million through D'Leanne Lewis of Laing + Simmons Double Bay and Shannan Whitney of BresicWhitney.
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When the Riley Street property (pictured above) was listed in August, the agents hoped it would fetch more than $5 million.
It’s a 297-square-metre Riley Street block.
The bachelor pad-style abode had a three-level configuration for one person with 750 square metres of living space. On one wall at its open for inspection was a Burns Philp poster of the company that was formed in the 1870s and originally concentrated on Australian passenger and cargo coastal trade.
It’s been bought by Robert Willis, who has recently put it up for rent at an undisclosed price. The BresicWhitney ads suggest a $15,200 bond is required.
It had enormous open-plan living and dining zones, a custom-fitted home cinema, a private outdoor area with a heated plunge pool.
Its basement was a 10-car garage.
While the facade of the original building remains, its interior was rebuilt seven years ago after Burns bought the property for $500,000 in 1994.
