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Located in Glebe, New South Wales, the sheds are the largest remaining tram depot in Sydney, and is one of five remaining tram depots in the state of New South Wales. It was the second largest tram depot to service the Sydney network, running at peak capacity of approximately 200 trams from 1918, until its closure in 1958. It was amongst the largest and most sophisticated public tramway systems in the world and was a major place of employment during its time of operation, employing up to 650 staff.
The depot contains six historic trams, some of which date back to the 1930s, as well as an old coach. Five of the trams belonging to the Sydney Tramway Society were originally acquired and stored in the shed as part of a now defunct plan by the City of Sydney council to introduce a new heritage tramway throughout the Rocks. One of the trams currently stored in the depot is tram: No. R1 1995, the last tram to operate on Sydney's original tram network.
On 10 December 2010 it was announced the entire site had peen purchased by Mirvac to be redeveloped for medium density housing. The future of the sheds and trams is especially unclear.