FOR SALE
$3,500,000

36-48 Bowden Street
Castlemaine VIC 3450

Bedrooms: 11
Bathrooms: 2
Car spaces: -
Land area: 1.73ha
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Landmark Rebirth: Bromley Collection Museum Unveiled within the Old Castlemaine Gaol

A realm where an intriguing history intertwines with lucrative possibilities, this landmark estate of rarity and grandeur, within the refurbished Old Castlemaine Gaol, is a testament to Victoria's rich heritage and unparalleled future opportunities. Transformed by one of Australia's most renowned creative couples, David and Yuge Bromley from Bromley and Co. the 1.73 hectares of residentially zoned land has been transformed into a museum collection of art, sculpture and curiosity.
Established in 1861, this magnificent estate, crafted from locally sourced sandstone and granite, stands as a beacon of a bygone era, now reborn by the iconic duo to accommodate diverse pursuits. The site caters to a myriad of uses including an enchanting event space, cafe, luxurious hotel and a vibrant tourism attraction (STCA).
"Something that housed sadness, despair, depravity, a loss of freedom, transformed into a space that was instead imbued with a sense of romance, whimsy and a breath of light and life." - D. & Y. Bromley.
Conveniently located in the heart of Castlemaine, mere steps from the Castlemaine Railway Station, this iconic site offers seamless access to Melbourne, and just 90 minutes from the International Airport. Yet, it retains its serene charm, nestled within the Central Highlands—a hub of art and food culture, promising a genuinely eclectic experience for guests.
This unparalleled opportunity holds vast potential for expansion in a flourishing regional town, ideal for a luxury boutique hotel or a haven for hospitality and weddings, inviting the discerning investor to seize a chance for substantial growth and visionary innovation. Be part of the transformation—a journey from sadness to optimism—in a space where every corner resonates with light, life, and possibility.
KEY FEATURES:
• 1.73 Hectares* of residential land on one title GRZ1;
• 2,982 m2* of gross building area;
• Incomparable views over the Castlemaine township;
• Endless potential (STCA) with existing structures suitable for multi-sector uses including commercial, accommodation, lifestyle, recreation and residential (STCA);
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Property Details for 36-48 Bowden St, Castlemaine

36-48 Bowden St, Castlemaine is a 11 bedroom, 2 bathroom House. The property has a land size of 1.73ha. The place is currently for sale with McQueen Real Estate.

Building Type
House
Land Size
1.73ha

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About Castlemaine 3450

The size of Castlemaine is approximately 20.2 square kilometres. It has 26 parks covering nearly 22.3% of total area. The population of Castlemaine in 2011 was 6,750 people. By 2016 the population was 6,783 showing a population growth of 0.5% in the area during that time. The predominant age group in Castlemaine is 60-69 years. Households in Castlemaine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Castlemaine work in a professional occupation. In 2011, 70.7% of the homes in Castlemaine were owner-occupied compared with 71% in 2016.

Castlemaine has 4,664 properties. Over the last 5 years, Houses in Castlemaine have seen a 34.10% increase in median value, while Units have seen a 32.06% increase. As at 31 August 2024:

  • The median value for Houses in Castlemaine is $700,745 while the median value for Units is $534,695.
  • Houses have a median rent of $475 while Units have a median rent of $385.
There are currently 31 properties listed for sale, and no properties listed for rent in Castlemaine on OnTheHouse. According to CoreLogic's data, 162 properties were sold in the past 12 months in Castlemaine.

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Kim Mcqueen
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McQueen Real Estate
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