Artist James Powditch’s converted Annandale warehouse passed in at weekend auction has now been sold.
The $2.85 million opening bid was followed by a vendor bid of $3.7 million, which is understood to be the sale price.
When mixed-media artist James Powditch and his wife, graphic designer Diane Adair bought their Annandale home, it was just an empty shell of a warehouse.
It was marketed as one of the best warehouse residences in Sydney.
BresicWhitney agent Chris Nunn had a $3.5 million price guide for the 320 sqm building.
The couple paid $1.05 million before its conversion in 2010 into 500 sqm of internal living space, including five bedrooms.