Whole Building/27 Monaro Street Queanbeyan NSW 2620
Shop & Retail
481 m²
Expressions of Interest
Welcome to a little piece of history
Whole building
Multiple income streams possible
Potential to further develop STCA*
The History:
Rarely does an opportunity to purchase a whole building in the main street of Queanbeyan present itself. Rarer still is the wonderful history surrounding 27 Monaro street.
First constructed in 1882 John Bull, who was to become Mayor of Queanbeyan in 1888, ran his General store from the premises and electric lights were switched on in Queanbeyan for the first time.
The building was a landmark in the main street and a sort after piece of real estate. John Bull sold the business to George Tompsitt who, coincidentally also became Mayor in 1889. Later that same year the store passed into the hands of Hayes and Russell, a major general store which supplied the people of Queanbeyan and surrounds for fifty-one years. During this period the store was commonly known as "Stayes and Bustles"
Hayes and Russell sold the store in 1941 and it was subdivided.
Lindsay and Claire Leggett purchased the shop in 1980 and operated into the 2000s running one of the regions most successful Agencies in the region.
Now it's time for the building to go to a new owner.
The Opportunity:
It is rare to find so much flexibility in a property. Owner occupy yourself, rent some out or redevelopment. Take advantage of the 15.5 million-dollar Monaro Street upgrade and situate your business right in the heart of the action or allow your tenants to access a premium location with upside all around them. There is even a cellar for storage!
A broad purpose clause enhances the buildings desirability under the B3 Commercial Core plan with flexibility to operate multiple businesses from the premise.
The Location:
Monaro street is the retail hub of the Queanbeyan area. The property is surrounded by every amenity and business imaginable. With the ACT's continued population growth, Queanbeyan is seen as an affordable alternative both for housing and business operators alike and Queanbeyan's property market is booming as people flood across the border to take advantage of the lower rates and property prices. The key 15.5 mil project to upgrade Monaro street between Lowe and Crawford Streets has been approved and is in the design and planning stage.
For sale by Expression of Interest, closing 12pm Friday the 27th of August 2021.
