A central Albury property which had most recently been the headquarters of one of the region's most prominent livestock agents will be converted back to a home after selling at auction on Friday
The Olive Street property sold for $1.505 million at the auction conducted by agents, L.J. Colquhoun Dixon with the successful purchaser from Albury seeing off one other competitor.
Formerly known as Boldrewood, the traditional 1880s Victoran-style house was occupied in the late 1800s by police magistrate Thomas Alexander Browne.
He was best known as Rolf Boldrewood, the author of the famous publication, Robbery Under Arms.
The 58-square building was part of Charles Sturt University before the central Albury block surrounded by Olive, Wilson, David and Guinea streets was developed by Garry Zauner in the early 2010s.
Brian Unthank's livestock and property divisions moved into Boldrewood in 2013.
The latest successful auction continues a run of strong sales in the nearby area with another former CSU property in Olive Street, Flood Nagle, selling for close to $2 million and a 1472-square-metre block with subdivision potential in Guinea Street sold for $1.602 million.
A vendor bid of $1.3 million kicked off Friday's auction before rising to $1.495 million when auctioneer Andrew Dixon declared the property on the market.
"It's a very good result," he said.
"I think we had seven registered bidders all up and it's just another really strong sale."
The property boasting nine rooms was last sold in 2012 for $660,000.
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