The Former State Bank of Seddon to go under the hammer next month

The Former State Bank of Seddon to go under the hammer next month
Katherine JimenezDecember 7, 2020

The Former State Bank of Seddon in Melbourne's Seddon will go under the hammer next month, with price expectations of more than $1 million.

The 30 Pentland Parade property is over 90 years old and is currently used as a meeting space, conference hall and residence. It has been owned by the Grand Lodge of Victoria for the past 25 years.

In the 70s the bank became famous in the national news when the branch was robbed by two armed bandits taking away a sum of $1,375 dollars.

The bank manager at the time was quick on his feet by dropping a dye capsule into the bag of money. The bandits then took a parting shot at the ceiling before fleeing. The original bank vault is still in the property.

The property is set on a large corner block of 470 square metres and includes a large front reception area, eight rooms including four bedrooms, two kitchens, one bathroom and three separate toilets. It also comprises parking for six cars.

The building goes to auction on 24 May through Hayden Kay of Barry Plant Yarraville.

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