An authentic, freestanding early century warehouse building in the centre of Chippendale is being offered to market with a guide of $4.8 million. Set across three levels, the asset has an ideal Northerly orientation and is situated on a corner block.

Home to two established tenancies, 69 Abercrombie Street offers a fully leased income of over $240,000 per annum. With MU1 zoning, it is currently utilised as a commercial asset but offers future versatility, for a residential or commercial user.

BresicWhitney’s Shannan Whitney said, "This is a fantastic asset for commercial investors seeking a substantial Inner City holding. With a fully leased income of close to $250,000 per annum, it provides stable cash flow with versatile upside, being suited to both commercial and residential users.

"The Sydney commercial real estate market has a level of insulation against macroeconomic forces, more so than residential, and as such there has remained a very good level of investor activity over the last 12 to 18 months. We're expecting active buyers to recognise the significance of this building, both in the future opportunity it provides for a new owner, and its historical significance, as one of the more well-preserved early century buildings."

Additional features of the property include original timber beams, soaring ceilings, and character industrial features. It also offers car parking off Levey Street. It is scheduled for auction on Friday 29 September at 5:00pm.