She's a fixer upper alright! Photo / LJ Hooker Glebe
She's a fixer upper alright! Photo / LJ Hooker Glebe
Another weekend in Sydney, another round of unbelievable auction results.
A tin shed in Glebe - in Sydney's inner west - sold for A$1.69m (NZD$1.8m) under the hammer on Saturday.
The "unique offering", as it is described on its online listing, originally had a price guide of high A$1.3m tolow A$1.4m but was bumped up to A$1.6m after receiving exceptional interest.
Selling agent Nicholas Katsikaros of LJ Hooker Glebe told news.com.au that the property came with Development Approval to be transformed into a two or three-bedroom home with a car space, giving the buyer a rare opportunity for residential develop in the inner city. The warehouse already has two bathrooms.
Three registered bidders - a homebuyer, builder and developer - turned up to fight it out on Saturday. Surprisingly, it was the homebuyer who ended up placing the winning bid.
Mr Katsikaros explained the purchase as a once in a lifetime opportunity.
"It isn't something you would usually find in Glebe," he told news.com.au.
"It is a rare opportunity in a street tucked away in a cul-de-sac. You could wake up in the morning and wonder where you are before realising you are just off St John's Road."
