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 café 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. With so much potential and a prime location, this historic warehouse presents as an unparalleled opportunity to unleash your creativity and bring your vision to life. * 408sqm block with approximate 11.3m frontage and second access via 2 Braye Street * R4 zoning allows for a variety of residential and mixed use options (STCA) Outgoings: Water: $ 843 pa + usage * Council: $ 1880 pa * * approximates only (We have obtained all information used in the preparation of this document from third party sources however, we cannot guarantee the accuracy or currency of this information. Prospective purchasers and their advisors are advised to carry out and rely their own enquiries and investigations in relation to the information in this document and the property it concerns. This document is provided for marketing purposes only, and does not constitute an offer by our agency or the vendor.) For more information on Kate go to https://www.katerundle.com.au