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The Tie Factory - Faraday Street, Carlton, VIC, 3053

2. Property Highlights

The Tie Factory - Rare warehouse shell conversion opportunities

Perfectly positioned in the heart of Carlton, The Tie Factory offers astute buyers an opportunity rarely found in such a prized residential location.

This collection of five individual titles - four warehouse shells and one classic terrace home - are being offered for the first time in over 38 years by public auction. It's also the first time the four warehouse shells have ever been offered for residential living. Each site invites buyers to craft an exceptional designer home in this tightly held suburb, with the warehouse shells in particular lending themselves to creative flair and vision.

1. History

In the 19th century the sites were a mixture of retail brick shops and small residential timber cottages. Demolished during the interwar period, the site was first redeveloped in 1941 as a watch case factory by businessman George Tilley, that produced cases for the likes of Rolex. It was then home to the Austico Tie Company, a specialty manufacturer of men's ties and accessories (now Austico Apparel).

2. Offerings

83 Faraday Street
Total floor area: 105sqm
Land area: 117sqm

Positioned on the corner of Faraday Street and Little Barkly Street, this solid brick terrace enjoys a commanding street presence. Comprising seven principal rooms that all enjoy terrific natural light, this character-filled home awaits a buyer looking to brin git back to life as a stunning and contemporary inner-city sanctuary.

85-89 Faraday Street
Total potential floor area: 446sqm

This superb two-level solid brick warehouse has a wide street frontage to Faraday Street, extending back to Little Barkly Street. It offers an amazing opportunity to convert a warehouse into a significant residential home with onsite car parking, with enormous flexibility and design potential due to its open plan nature (STCA).

91-93 Faraday Street
Total potential floor area: 353sqm

A great warehouse conversion opportunity built circa 1941. It's currently single-storey, with the potential to extend as high as 11m (STCA) and presents buyers with designer leanings the perfect opportunity to realise their creativity and style.

8-18 Little Barkly Street
Total potential floor area: 1022sqm

Built in 1941, this single-storey red brick warehouse is set over 380sqm of land and offers a suburb opportunity to develop the building into as many as four individual warehouse-inspired designer residences (STCA). Tucked away on Little Barkly Street, it is wonderfully secluded, with a classic red brick facade that sets the tone for its future use.

14 Carlow Place
Total potential floor area: 232sqm

A great warehouse conversion opportunity built circa 1941. Currently single-storey, it has the potential to extend as high as 11m (STCA) and presents buyers with a designer eye the perfect opportunity to realise their style and creativity.

3. Sale Process
For sale by public auction onsite on the 21st of October 2023 at 11am.

Information memorandum is available upon request. Contact us for further enquiries.

Make your mark in this sought after neighbourhood, where residents enjoy a vibrant community atmosphere, tree-lined streetscapes, gardens and immediate access to the inner urban vibrancy and excitement of Lygon Street and the Melbourne CBD.

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4. Property Location

The Tie Factory - Faraday Street, Carlton, VIC, 3053