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320 Grey Street
Glen Innes NSW 2370

 

$595,000

   
1 of 11 photos

The Bank Guesthouse

The Offer

The freehold and the newly established BnB business, known as The Bank Guest House, are on offer for sale at $595,000 on a walk-in walk-out basis. It is the first time this ex-ANZ bank chambers is on the market since its conversion from its banking days.

CONTACT US FOR A DETAIL INFORMATION MEMORANDUM.

The Property

This solid, double storey and free-standing heritage property (circa 1874) is on 872 square metre parcel of land. The original owner built it with thick cement rendered brick on a rock solid foundation. It is in Council Zone B2 Local Centre, which provides a range of retail, business, entertainment and community uses as well as residential occupation.

This rare building is architecturally designed in the classical Georgian style with strict symmetry, high pressed metal ceiling and decorative wrought iron Juliette balconies, full arched hallways and original polished timber floors and features large windows throughout.

The interior has a flexible, spacious and light filled layout ideal for multi-tenancy usage comprising the following:

• 5-bedroom residence with its separate entrance and street address and a new stainless steel commercial kitchen overlooking a pleasant open air terrace.
• Retail space of 85 square metres with an imposing portico entrance off the main street
• Two separate interconnecting rooms, totalling approx. 42 square metres. That section is currently in use as professional consulting offices
• Large fully fenced and private backyard containing a single garage

The Business

The guest house started trading in March 2016 with three guest rooms on offer, The Imperial, The Wharton and The Grand. Guests access their rooms with check-in codes and share a bathroom, two communal lounges as well as a fully equipped kitchen. The rates start from $120 a night for two guests including self-service continental breakfast. The three rooms can be rented separately or together for the exclusive use of the residence. The business is currently run remotely with help from a local housekeeper.

The Location

Glen Innes is a charming rural town strategically located in the beautiful New England Tablelands region of NSW at the intersection of the New England and Gwydir Highways, which offer the best routes between Sydney and Brisbane (it is approx. 7 h north from Sydney and about 4 .5 hours from Brisbane).

The town has a robust and diversified economy with thriving agriculture, tourism and service industries. It hosts the annual ‘Minerama Fossicking and Gem Show’, the ‘Glenn Innes Pastoral and Agricultural Show’ and the annual ‘Australian Celtic Festival’, all of which attract thousands of visitors. It is home to the ‘Australian Standing Stones’, the official monument to Australia’s Celtic Pioneers, and boasts a multitude of parks, heritage-listed buildings, book shops, boutiques and collectables shops.

This part of country NSW, known as Celtic Country on account of its Scottish heritage, is also home to some of the world’s richest gem and mineral fields which also attracts visitors to the town for fossicking activities. The nearby world-heritage listed Washpool National Park and Gibraltar Range National Park are another major attraction.

The property is located in the centre of town on the main street with street frontage to Grey Street and Meade Street on a prominent corner position with two addresses on two street entrances.

INSPECTIONS STRICTLY BY APPOINTMENT
5 5
Property Type: House
Block Size: 856.0 m2 (approx)

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Past Sales & Property Information

NOTE
Always verify block details with the agent or vendor. These maps are generated by cross referencing with our spatial information database, but this does not mean they will always correspond with the listed property. Measurements are estimates only.

Based on data provided under licence from PSMA Australia Limited (www.psma.com.au). © PSMA Australia 2016.

Block Map

Vital Statistics

Lot: 1
Plan Type: DP
Plan: 212383
Block Size: 856.0 m2 (approx)
Stamp Duty: $20,240

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This listing was first displayed on 20/1/14, last updated on 10/5/16, and has been viewed 149 times. Please note the counter is not updated immediately.
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