New corporate home office listing a sign of Redfern renaissance
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One of the largest properties on Redfern Street, Redfern has been listed through Ben Forsyth at McGrath Estate Agents.
It’s a whole building on 436 square metres of land. It comes with 100 square metres of space on the lower level, with parking for 10 cars. It’s described as a creative space ideal for a company headquarters or a live/work opportunity, given the second floor has two one-bedroom apartments. The property to be sold with vacant possession has been priced at $2.5 million.
Recent sales in the Redfern strip have included the former post office commercial premises at 113-119 Redfern Street sold through spruiker Max Markson through McGrath agent Paul Ephron at $2,125,000 in May.
In January 2011 the 209-square-metre holding at 74 Pitt Street sold at $2.05 million, having been listed through Ben Forsyth. It was the 1880s Quirks Grocery Building, a mixed-use premises offering with a total annual income of about $133,000 from two independent residences, a café and separate office. It was architect-redesigned 12 years ago.
“Redfern is finally going through a renaissance that has been promised for so long,” Forsyth says.
“The Block being demolished, the new indigenous arts college and the Sydney City upgrade have all lead to major changes of this great inner-city suburb.”
