GOLDEN Square Primary School will acknowledge more than 140 years of history when it bids farewell to its Laurel Street site at a community celebration in August.
Students and staff will relocate to a new $10.6 million government-funded school in Maple Street - the former site of Golden Square Primary School's Maple Street campus - at the start of term 2 next year.
Principal Barry Goode said parting ways with the school campus would be an emotional occasion for some but a chance to embrace the future for others.
"I think there will be some mixed emotions," he said.
"There is a lot of history around the school.
"But we are not losing the school, we are just shifting up the road.
"As much as the buildings have a lot of history, there a lot of memories for lots of people and there will be a bit of sadness around that."
For a number of years, Golden Square Primary School was split between two campuses - Maple and Laurel streets.
Staff and students from both campuses merged in January, 2012 to allow for the construction of a new school to begin at the Maple Street campus.
Mr Goode said students and staff had outgrown the Laurel Street campus and were looking forward to moving to the new school.
"The facility (the school) will get will be very amazing," he said.
"There will be nothing in government primary schools in regional Victoria that will be any better."
Grade six student Jasmine said she had many memories from her time spent at the Laurel Street site.
"It has an amazing history," she said.
"It is so old but is still standing and still looks good."
The celebration on August 23 will start at midday, with a barbecue lunch and registration.
From 1.45pm, there will be a welcoming address, a choir performance, the unveiling of a time capsule and reflections from past and present students and staff.
There will be nothing in government primary schools in regional Victoria that will be any better.
The formal proceedings will be followed by a tour of the school.
The Department of Education, which owns the Laurel Street site, is yet to announce what will become of it.