A timeless heritage mixed use function centre with a colourful past in the heart of Bathurst is set to hit the market this month, with strong interest expected from investors and developers, looking to capitalise on the region’s strong and diverse economy.
Originally a Masonic Hall, formerly known as ‘The Carrington’ when it opened in 1889, 99 Keppel Street used to be headquarters of the Freemasons and is currently used to host large scale functions and events.
The two storey building comprises a Victorian era theatre, with fully licensed bar and courtyard suitable for wedding receptions, concerts and theatre shows, and the mezzanine and private meeting spaces are suitable for corporate events, meetings and workshops.
The property is exclusively for sale through Nick Lower and Selin Ince of Savills Australia and Matt Clifton of Raine & Horne Bathurst and is currently zoned b3 commercial core.
According to Nick Lower, NSW State Director of Savills Metropolitan & Regional Sales, 99 Keppel Street is located in one of NSW’s fastest growing regional hubs.
“Bathurst has been the recipient of enormous revitalisation and has been described as one of the region’s most dynamic and vibrant towns.
“Having the flexibility for multiple uses, the property offers buyers a “blank canvas” for future repositioning, whilst having the potential to boast a strong income stream should a passive investment opportunity be desired,” he said.
According to Selin Ince, Sales Executive at Savills Metropolitan & Regional Sales, 99 Keppel Street offers major flexibility to generate income, occupy or reposition (STCA) in one of regional NSW’s most desired hot spots.
“This is an outstanding opportunity for investors and/or developers to secure a landmark mixed-use retail asset in the heart of a major regional centre,” she said.
The last 12 years has seen the regional hub develop a strong and diverse economy, offering an enviable lifestyle to its circa 42,900* residents.
Matt Clifton, Director - Raine & Horne Bathurst said Bathurst packs a vibrant punch - showcasing a variety of cultural, educational and architectural highlights.
“Charles Sturt University and St Stanislaus College both sit between a 1.5km* radius – with the subject property also being within close proximity to Aldi, Anytime Fitness and a host of other National retailers. The area has been subject to continual change and evolution” he continued.
Bathurst is supported mainly by the following industries: Education and Training, Manufacturing, Retail Trade, Public Administration & Safety, Construction, Healthcare & Social Services and Tourism.
Expressions of Interest close 12pm Friday 3 July 2020.