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Description: Peter Scott of Tom Grady Real Estate is privileged to offer for sale the property at 236 Mary Street, Gympie.
Restored and extended during the 1980's, 236 Mary Street has a history closely linked to the fortunes of Gympie itself.
Starting out as the as the Gympie branch of the Australian Joint Stock Bank, 236 Mary Street was originally designed in 1880 to be constructed of hardwood.
However, during the construction phase in the early 1880's, fire destroyed both the shop next door and the partially constructed Bank. As a result, the Council of the day decreed that future buildings in the precinct were to be constructed of non-combustible materials, and the current sandstone building was completed in 1882.
Purchased in the 1890's by the Gympie Stock Exchange, the building housed the Australian Joint Stock Bank until its closure in 1902, and was home to the Gympie Stock Exchange until the downturn in gold production forced its closure in 1922.
At that point the building was sold to a local solicitor by the name of Sykes, in whose family it remained until 1976, when it was purchased by the current firm of Neilson Stanton and Parkinson.
Today 236 Mary comprises 455 m2 across two titles. The building lends itself to a range of professional services, including legal, architectural, surveying, civil contracting, engineering and accounting etc.
The building is currently configured to include the reception area off Mary Street, a general administration area, a client lounge, boardroom and records storage room (formally the bank safe) as well as three existing offices in the front. Existing administration areas could be reconfigured to add additional offices.
The rear section of the building comprises a further seven large offices stretching across the building to Reef Street.
Downstairs is the staff kitchen area, facilities, records storage as well as parking facilities.
The size of the offices in the rear half of the building could make them suitable for accommodation purposes, with access directly available from the parking facilities underneath the building.
Fully leased at reasonable commercial rates, the property in its current configuration offers potential returns in the 10 - 12% range for the investor.
This magnificent property offers a new owner the opportunity to become a part of Gympie's history and is offered for sale at $1,350,000 plus GST if applicable.
Inspection is by appointment only, and for further details contact Peter Scott on 0458 958 286.
We do not accept responsibility for the accuracy of any information. Interested parties should make their own enquiries in order to determine the accuracy of this information. Intending purchasers should seek legal and accounting advice before entering into any contract of sale.
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