Warehouse conversions in high demand in Armadale and Windsor
Warehouse conversions have been in high demand under the hammer south of the Yarra.
A former antiques depot in Armadale and a funky 1920s hat factory-turned-photographic studio in Windsor both sold at auction on June 22.
The 1935 warehouse, at 11 Kingsway, Armadale, was converted into a home in the 2000s and sold for an undisclosed price within the $1.95-$2.1 million asking range at private auction.
RELATED: Sweet Fitzroy warehouse conversion provides sugar hit for investor interest
Couple outbid for Collingwood warehouse conversion as they signed contracts
Dad steps in at auction to secure Windsor apartment for first-home buyer son
Jellis Craig Armadale agent David Sciola said the South Yarra buyers used to live in Armadale and wanted to make the move back.
“They loved the location and want to do a bit of travel so wanted something lock up and leave,” Mr Sciola said.
Five parties registered to bid at the auction, however only one did and it was passed in to them and they negotiated straight after the auction to secure the property.
He said there had been a lot of interest in the “pretty unique” property.
“We had a really strong response because it is a rare offering,” he said.
The stylish three-bedroom abode has recently been updated, creating a bright and fresh interior that includes a massive living space with full height cathedral ceilings with exposed beams.
The property is in a highly sought-after location just off Kings Arcade.
Meanwhile, the funky warehouse conversion at 2A Frederick St, Windsor sold in excess of the quoted $1.8-$1.98 million price guide at auction.
The unexpected sanctuary was converted from a hat factory-turned-photographic studio into a two-bedroom home more than 10 years ago by Made by Cohen architect Susie Cohen.
Kay & Burton South Yarra agent Darren Lewenberg said one party bid for the converted warehouse with 6m-high trussed ceilings in the open-plan living area.
“The buyer is local, they were attracted to the uniqueness of the warehouse and the renovation that was undertaken,” Mr Lewenberg said.
“This property sparked a lot of interest because you don’t have to put any money into it, it is ultimately turnkey.”
MORE: Million dollar discount for Ralph Carr’s Hawthorn mansion
Kew’s rough diamond next to Pratt family mansion Raheen
‘Modest recovery’ forecast for Melbourne market in 2020
Ms Cohen and husband David Cohen, whose family founded the Matchbox homewares brand, sold the property to the vendors in 2009 for $1.35 million, according to CoreLogic.
‘Windsor Warehouse’ was her first project when she launched her own firm and it was short-listed in the 2009 Australian Interior Design Awards.
The home has a striking street presence and oozes inner-city sophistication.