FOR SALE
Guide $1,000,000 +

73 Caveat Street
Bombala NSW 2632

Bedrooms: 10
Bathrooms: 5
Car spaces: -
Land area: 2300m2
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School of Arts Building + Unit Complex

Bombala Literary Institute, aka 'School of Arts' is located in Caveat Street, Bombala NSW.
It is currently open to expressions of interest. The facia of this building is quite distinctive, the rest is a brick and wood structure, it dates from 1865 and is heritage listed.
When you walk around the building you can feel the history. The building is in need of repair and the current owner is looking for someone to take on the challenge.
Buildings like these are rare in country towns and the Literary Institute holds many memories for the locals. The original stage overlooks the Auditorium. Above is the original balcony where the first-class patrons would have taken in whatever was playing.
From the balcony there has access to the catwalk in the roof cavity.
The building also has a front of house lobby and reception area and at the side is a large room where possibly patrons meet before and after performances.
This also provides access for deliveries.
This School of Arts building is a real gem. Despite the property requiring a lot of upkeep, it offers immense potential to be transformed into something truly special.
This property is part of a complex which includes a duplex home and ten units. The rental returns on the home and units total $1090 per week. The vendor is open to discussions in regard to the possibility of subdividing the School of Arts from the other properties. This would all be subject to Council approval.
If you would like to discuss the property, please give the office a call on 02 64526121 or Contact Craig on his mobile 0414865922

Property Details for 73 Caveat St, Bombala

73 Caveat St, Bombala is a 10 bedroom, 5 bathroom House. The property has a land size of 2300m2. The place is currently for sale with One Agency Craig Schofield.

Building Type
House
Land Size
2300m2

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About Bombala 2632

The size of Bombala is approximately 119.9 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Bombala in 2011 was 1,210 people. By 2016 the population was 1,395 showing a population growth of 15.3% in the area during that time. The predominant age group in Bombala is 60-69 years. Households in Bombala are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Bombala work in a managers occupation. In 2011, 72.4% of the homes in Bombala were owner-occupied compared with 71.7% in 2016.

Bombala has 928 properties. Over the last 5 years, Houses in Bombala have seen a 88.71% increase in median value, while Units have seen a 138.38% increase. As at 31 October 2024:

  • The median value for Houses in Bombala is $348,853 while the median value for Units is $404,228.
  • Houses have a median rent of $385.
There are currently 19 properties listed for sale, and 1 property listed for rent in Bombala on OnTheHouse. According to CoreLogic's data, 47 properties were sold in the past 12 months in Bombala.

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Craig Schofield
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