No shocks as redundant Sydney substation fetches $515,000
A redundant electricity substation on a 77-square-metre block at Marrickville suitable for conversion into residential use has been sold for $515,000.
It’s one of the 1,000 substations that were built across Sydney from the late 1870s as the demand for electricity grew throughout the city.
There are approved plans by Tanner Architects to convert the Marrickville property into a 159-square-metre, three-bedroom, two-bathroom abode with roof terrace with louvered pergola. It sold to a family who plan to build.
Its BresicWhitney listing agent Matt Carvalho had expected $500,000 plus for the Philpott Street listing. There were six registered parties and four bidders after bidding began at $400,000.
It’s been subdivided off the neighbouring Globe Mills apartment development.
While many are simple designs, the Marrickville substation was built to fit into the architecture of its factory surroundings. It comes with three high steel roller shutter doors.
Substations were camouflaged as everything from Federation homes and Californian bungalows to castle-like structures.
