Mittagong's The Old Bank for sale as grand family home

Mittagong's The Old Bank for sale as grand family home
Mittagong's The Old Bank for sale as grand family home

The Old Bank, the historic Mittagong property in the Southern Highlands, has been listed for sale after its decade long restoration.

The property at 83 Main Street has been acting as The Old Bank Hotel, but is now being offered as the potential to become a grand family residence.

Some 80 years after the settlement of Mittagong in the 1820s, the Southern Highlands town became home to many industries.

Following the 1867 completion of the railway line from Sydney, Mittagong became a gateway to the southern area and beyond, leading to the development of a tourist trade with inns, hotels, guest houses and shops becoming prevalent. 

The Commercial Banking Company occupied Waratah Cottage in the 1880s before relocating to Victoria House, some 500 metres away, before moving to the current property that was to be known as The Old Bank.

Mittagong's The Old Bank for sale as grand family home

It was built in the late 1880s at a construction cost of around £2,840 on land purchased from John Hilder for £373. It opened its doors in 1891.

A complete restoration came following its $990,000 trade in 2009 when The Old Bank was bought as a hotel. CHECK.

Local craftsmen transformed the slate roofed and stone walled building which was falling into disrepair.

The main residence comprises six heritage-style bedrooms, which each have names stemming from xxxx. All complete with ensuite, the bedrooms are dubbed Clocktower, Gibraltar, Albert, Victoria and Alexandra.

Mittagong's The Old Bank for sale as grand family home

They sit on the second level. The ground floor comprises an entry hall with reception and lounge, a private dining room, a library and a wine cellar.

The wine cellar was previously the original bank vault, which is to this day secured with a 1,000 kilogram door cast in London in 1852.

On the 1,095 sqm Main Street parcel are two freestanding buildings, the sandstock cottage and original coach house, both of which have been restored and now home self-contained accomodation. 

The Old Bank is being offered by Andrew de Montemas at W.M.Carpenter & Associates Bowral.

He has a guide of $4 million.

 

 

 

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Mittagong Hotel Market

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