PHOTO: Image: Belle Property Glebe

A run-down shed in Sydney’s inner-west has hit the market with a staggering $1.6 million price guide.

The property on 14 Reuss Street, Glebe, is described as a “dilapidated free-standing brick and corrugated iron warehouse”, but has attracted dozens of interested buyers due to its development approval.

“Build your own dream warehouse home or benefit from the current development approval for multiple dwellings,” the listing reads.

Image: Belle Property Glebe
Image: Belle Property Glebe

“Offering the opportunity to create your own dream of an inner-city warehouse home brilliantly located in one of Glebe’s finest hidden enclaves.”

Image: Belle Property Glebe
Image: Belle Property Glebe

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