Positioned at 73 Caveat Street, Bombala, this substantial property holding brings together an important piece of the town’s history with an established residential investment, comprising the heritage-listed Bombala Literary Institute, also known as the School of Arts, a duplex residence and ten residential units.
The Literary Institute has been part of Bombala for well over a century and is a building many locals will immediately recognise. Originally established as a place for community gatherings, entertainment and social activities, the building’s distinctive facade and impressive proportions provide a lasting reminder of the role it once played within the town.
Stepping inside, much of that history can still be seen. At the heart of the building is the substantial auditorium, with the original stage overlooking the main floor and an upper balcony providing a view across the space below. Access from the balcony also leads to the catwalk within the roof cavity, another interesting feature that reflects the building’s former use for performances and events.
The front of the building includes a lobby and reception area, while a large adjoining room and further spaces throughout add to the scale and versatility of the property. Although the School of Arts requires significant repair and restoration, many of its original features remain and provide an exciting starting point for someone with the vision to bring this historic building into its next chapter.
Beyond the Literary Institute, the offering also includes a duplex residence and ten residential units. Together, the residential component currently generates a combined rental return of $1,130 (approx.) per week, providing an established income stream as part of the overall property.
Combining a recognisable piece of Bombala’s history with a substantial residential component and existing rental income, 73 Caveat Street is a property offering unlike many others to come to the local market.
Disclaimer: While we have made every effort to ensure the information in this document is accurate and up to date, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements. Prospective purchasers are advised to conduct their own investigations to verify the information provided.
