Originally constructed in 1876 for The Bank of Australasia this iconic corner freehold offers grandeur, versatility , prominence, upside in an absolute waterfront location.
An extremely rare and perfectly timed opportunity to acquire a piece history in a waterfront lifestyle precinct that is still very much affordable and undervalued.
Land area 304 sqm(approx.) Extensive frontage to both Nelson Place and Cole Street
Building area 400 sqm(approx.) of original decadent charm that is readily adaptable to modern trends with a sunbaked courtyard
Commercial 1 zone (CZ1) in DDO8 which allows maximum of 3 storeys (stca)
Versatile and opulent double storey freehold boasting oversized ceiling heights, polished floors and a classic sophistication suited to retail, hospitality, office, or residential use (stca)
Offered with vacant possession
Investors: potential rental $150,000 per annum plus GST plus outgoings
Owner occupiers: understand this - landmark freehold with endless possibilities |powerhouse corner |undervalued absolute waterfront location| Very seldom do assets like this become available to the market.
| Property ID | 679656 |
| Last updated | 12 August 2026 |
| Category | Shop & Retail |
| Tenure type | Vacant |
| Land Area | 303 m² |
| Floor Area | 400 m² |
| Building Type | Ask agent |
| Annual Return | Ask agent |
| Availability | Vacant |
