ALBURY’S former ambulance station building has been sold to a well-known border family for more than $1 million.
Members of the family behind the 126-year-old Arnold’s Fruit Market business were the highest losing bidders on the old ambulance station building which was auctioned by agents Stean Nicholls in front of a big crowd on Friday.
Bidding began at $900,000 before climbing to $1 million, but the property was passed in.
After less than an hour of negotiations, the Dean Street property which served the city from 1934 to 2014 when a new ambulance station was opened on Wagga Road, a sale had been clinched.
“They will look at trying to keep the character of the building and really make a statement by converting it into a residential use,” auctioneer Geoff Stean said.
“A fair price was negotiated and within the valuation range the health department was given.”
Roger Arnold said their redevelopment plans would be sympathetic to the building’s history.
Stean Nicholls were appointed to sell the building on behalf of Property NSW with the auction date being a day before the 84th anniversary of its unveiling by Ellen Waugh, the wife of mayor Alf.
The two-storey former ambulance station site also includes a 450 square metre garage-workshop at the rear.
There is also provision for six onsite carparking spaces accessed from Dean Street
The Commonwealth Bank building in Dean Street remains unsold after passing in at auction this week for $3.5 million.
Negotiations with a Sydney-based investor are continuing.
Meanwhile, The Border Mail has sought to confirm reports the Globe Building on the corner of Dean and Kiewa Streets has been sold by its long-standing owner.
The Globe Building includes the Zed Bar pub and a string of smaller of shops.
It was originally built in 1860.
Meanwhile, an office building in Stanley Street, Wodonga sold at auction on Friday for $390,000.
Agents L.J. Colquhoun Dixon confirmed Wodonga businessman Andrew Stern was the successful bidder.
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