Wheels magazine revs up sale of prized South Sydney property
Capital Gain
Pedr Davis, veteran motoring reporter and businessman, is putting his prized South Sydney commercial property on the market for the first time in 61 years.
Having paid the princely sum of £3500 for the 589-square-metre property at 155a Bunnerong Road in 1964, Davis, now 88, says it's time to sell.
Price expectations are in the region of $2.5 million.
In 2018 Davis was awarded the Order of Australia Medal for services to journalism and the automotive industry. His career in Australia started with the popular magazine, Wheels, shortly after its maiden year in 1953.
During its lifetime, the property was also home to a media agency and a pioneering statistical business that used one of the first privately owned IBM computers in the country.
Other businesses that used the premises include Accessory World, which sold automotive gadgets, a printing business, a design and engineering outfit, and a workshop for installing seatbelts.
The building was also once leased to a branch office of the Department of Youth and Community Services and more recently it was the site of a tiles and bathroom supplies business.
'I have a lot of fond memories of the building and of Kingsford too. I hope someone buys the site and does something really interesting with it,' Davis said.
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