A redundant substation is offered to the market for the first time in generations, giving buyers a blank canvas to turn into their dream studio.
The 177 m² property at 39 rue Maubeuge in Granville currently exists as a double-walled brick structure with a reinforced concrete floor and a pitched tiled roof.
The property has no kitchen, no bathroom and two very small windows, and has no electricity and is not connected to the mounting box on the front.
The substation was previously owned by Endeavor Energy, which asked LJ Hooker’s agent, David Matkovic, to sell the property, on the condition that the transformer box remain on the land.
Buyer feedback and current market conditions indicate that the price guide for the property is around $320,000.
According to Matkovic, the property has attracted a lot of interest from buyers looking to turn it into a home, use it as a studio or convert it into a garage subject to council approval.
“This is the true definition of a blank canvas property; the site can be used for storage or converted into a unique New York-style modern industrial residence,” Mr. Matkovic said.
“We’ve primarily attracted interest from investors, small business owners and trades people. The property is Zone 2 Low Density Residential, but has never been a residence.
“The property has become surplus to Endeavor Energy’s needs, the pad-mounted substation is now registered as an easement and will remain on site.”
The site is located near several public and primary schools and has access to bus lines.
The property will be auctioned on November 5.
Median home prices in Granville have risen 10.7% over the past 12 months, with the current home now costing $1,000,000 to buy.
Originally published as Poste de Granville without kitchen, bathroom or plumbing for sale as a possible house