CHARLES Sturt University is set to invite developers to buy its central Albury campus and anticipates raising up to $10 million for the huge site.
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Property specialists CB Richard Ellis will invite expressions of interest in buying the entire site.
However, the university may chose to sell individual properties singly or in groups if the first responses are not satisfactory.
Any development must comply with a master plan approved by the city council, though this allows for some flexibility.
Heritage-listed Olive Street properties such as The Cedar and Boldrewood will be retained as part of one of the most attractive housing groups in the city ranging from the classic Californian bungalow style to Victorian brick town houses.
The centre of the site, from Guinea Street to Wilson Street, can be redeveloped.
One option is for 29 homes, 20 town houses and one multi-unit apartment block, and another foresees 11 homes, 44 town houses and two multi-unit apartment blocks.
Demolition awaits the Nowik lecture theatres, the Sloshed Cod bar, the former squash courts and the two-level former CSU library, and several laboratories, classrooms and workshops.
An allied health clinic at the Guinea Street corner of Olive Street will remain to March 2012 but is located in Adams, a Victorian building that the council would favour retaining.
CSU executive director for managing facilities Stephen Butt said yesterday expressions would be advertised before Christmas.
“We take two to three months to consider them,” he said.
Money received from the sale will help recoup the cost of developing the Thurgoona campus.
Other buildings facing demolition in David Street are Fernhurst and Mackie, while in Wilson Street the master plan requires removal of the vacant Co-operative Bookstore and Wilson Street Art Gallery and cottages known as Dalrye, Irvington, Camora and Drysdale.
