I got this error when trying to build a git repo from remote svn server, it seems many people encountered this with different cause. All the google results didn't work for me, I just fixed the error with fuzzy solution.
Error:
git svn fetch
W: Item is not readable at /Applications/Xcode.app/Contents/Developer/usr/share/git-core/perl/Git/SVN.pm line 154.
Error from SVN, (220001): Item is not readable