The iconic Dairy Bell building in Camperdown has hit the market with price expectations of more than $5.5 million.

The sale of the two-storey industrial building at 44-50 Australia St follows the closure of the popular ice cream store in March.

Listed with Savills Australia, the property has an 892sq m block extending over four titles.

It has an internal floor are of about 1262sq m and has a north-eastern rear frontage to Gibbens Lane and a south-western frontage to Australia St.

media_camera Dairy Bell Camperdown has a land size of 892sq m. Picture: SUPPLIED

Marketing agents Stuart Cox and Neil Cooke from Savills Residential Site Sales said this was a rare chance to buy an exceptionally well located building with residential development or conversion potential (STCA) situated within such proximity to local universities and the Sydney CBD.

“We have received numerous inquiries from commercial/industrial owner occupiers, boarding house operators but mostly residential developers looking to convert the warehouse into boutique apartments or terraces” said Mr Cooke.

media_camera Long-time employee Roslyn McNutty worked at Dairy Bell for 13 years before it closed. Picture: DANNY AARONS

In February, Dairy Bell founders and directors Andrew Razums and John Stanford announced in a statement on the company’s website it was closing the business after 42 years.

“Supermarket ice cream wars have cost the retailer profit and the manufacturer loss of margin and have ­reduced our capacity to ­recover costs for some four years now with our capital being eroded year by year,” they said.

“We tried our own shops with a terrific customer ­response however, the weekend trade (our best time) made losses due to the high weekend cost of labour in the stores.”

The building is scheduled for auction on Tuesday, August 11, at 10.30am.

For further information please contact Stuart Cox on 8215 8834 or Neil Cooke on 8215 8834