Former bank sale attracts interest

The View Point property. Picture: KENNETH JONES REAL ESTATE

The View Point property. Picture: KENNETH JONES REAL ESTATE

YET another historic piece of central Victoria is up for grabs, with the former E S & A building, at View Point, now for sale. 

The building, built in the 1870s and currently operating as a Chinese restaurant, has already caught the eye of several Melbourne investors since it was first listed two weeks ago. 

It is expected to fetch upwards of $1 million.

Property director Kenneth Jones said the building held much of its character and was sympathetic to the era.

"The precinct is the oldest part of Bendigo and there is an extensive history with the building," he said. 

"It was originally occupied by the E S & A Bank - the English, Scottish and Australian Bank - which later changed to the ANZ Bank. 

"It was big in Bendigo and was used for that until 15 years ago."

Despite it being in a heritage-listed zone, Mr Jones said there was scope to build upwards, pending approval. 

"It's in pretty reasonable nick for an old building and has been well maintained," he said. 

"Because of the heritage zone, you can't affect the facade but you could develop the building upwards."

The property is the latest in a growing number of historic buildings coming onto the market in the region. 

Last month, the prominent Colliers Golden Key Bootery building in central Bendigo sold for $1.615 million at auction. 

Meanwhile the historic All Saints Cathedral remains on the market, after being passed in at auction at $1.4 million in March this year. 

The McKenzie Street property is a remnant of Bendigo’s first days in the gold rush and features a large, undeveloped land area at the back with rear access to Forest Street.

The heritage-listed, Georgian-style Ravenswood Homestead also remains on the market with an asking price of about $3 million. 

The homestead was passed in at auction with a vendor bid of $2.7 million last month. 

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