5 Hanbury Street

Mayfield NSW 2304

Step into the past and unleash your creative vision with this one-of-a-kind opportunity in red hot Mayfield. Originally built in 1926 as the 'Hipwell Building', and most recently used as premises for Ivan's Upholstery and is a double-brick, two-storey warehouse. Situated on a generous 408sqm block with dual access via Braye Street and zoned R4 High-Density Residential, this historic gem offers multiple options.

With two townhouse developments underway in the immediate vicinity, a similar multi-dwelling development would be an obvious choice here. Purists on the other hand may wish to conserve the bones of this majestic building to create student or young professional accommodation, a boarding house, shop-top housing, mixed use premises, medical centre, or perhaps a cool warehouse conversion to call your own home (all subject to council approval).

With gentrification of Mayfield well under way, you simply can't go wrong here. There is a bus stop, train station and popular caf on the doorstep, and it's an easy stroll into Mayfield town centre and Waratah shopping village for day-to-day needs. The Mater Hospital and a variety of quality education options including St Philip's Christian College and the University of Newcastle are also close by. Get the perfect balance of city and beach living, with both a 15-minute drive away.