Emerging warehouse areas
Now that some key sites in Surry Hills and Redfern have been snapped up for development, the cool suburbs for warehouses are changing and evolving almost hourly. Beaconsfield, Rosebery, Enmore, Marrickville, Tempe, St Peters all have interesting spaces going on the market. Student belts are buzzing.
Out in Ashfield, a converted 550sqm warehouse has just listed. With a past history as a stable to a local manor, and a string of commercial businesses, this warehouse has found new life as a family home.
In Kingsford a warehouse in Hincks Avenue recently sold for $1.6m. An abandoned 272sqm space that sold for $795,000 back in 2008 has changed hands twice and gone up steadily without a hint of renovation.
Over in Camperdown a completely architecturally renovated warehouse in Australia Street was sold for $4.275m just last month. Not to mention the suburb of Chippendale where little old Myrtle Street now has a warehouse conversion that recently sold for $5.010m.
Other stand outs in Chippendale include 146 Abercrombie Street which was recently bought for a conversion project. This area has been cranking with the revival of old pubs, old buildings and worn out shop fronts, ever since Frasers started carving up the CUB site back in 2007.
Areas to watch for warehouses: Beaconsfield, Roseberry, Enmore, Marrickville, Tempe, St Peters, Chippendale, Stanmore and Botany. Redfern still has some hidden gems but you have to be tenacious to find them.
Building types: Corner shops, factories, split-level mechanic workshops warehouses and old pubs.