A PRIME parcel of Warrnambool real estate is on the market, with three lots on Princess Street up for grabs.
The former site of the St John’s Presbyterian bowls club, two halls and a four- bedroom sandstone cottage are for sale.
The bowls club land and the sandstone cottage will be offered for sale by auction at a date to be determined by estate agents Brian O’Halloran and Co.
Agent Brian Hancock said the bowls club land was the feature property and would create an abundance of community interest.
“It’s a prime piece of real estate,” Mr Hancock said.
“It’s ideal for someone who wants a great lot.”
Mr Hancock said the property would be suitable for residential developments or as an investment piece, subject to council approval.
“Everyone will see something different,” he said.
“It’s a beautiful level site with views over the city.”
Lot one, the two main halls, is for sale by expressions of interest and Mr Hancock said there had already been inquiries from a business firm for commercial purposes.
The Warrnambool Presbyterian Church owns the sites and spokesman Lindsay Ferguson said the properties were suitable for a range of uses.
“It is very close to the heart of town and it’s a very good piece of land,” he said.
“We’d like to see it used in a way that’s in keeping with the local neighbourhood.”
Mr Ferguson said interest was sought from potential buyers for the properties about 10 years ago but they weren’t sold.
“Things have changed and the building is not functional for our needs,” he said. The halls currently house an aerobics school and have been used for catering services.
Mr Ferguson said the church would look to improve its existing buildings after the sale.
The bowls club was wound up in April 2012 after 86 years, due to uncertainty regarding the future of the site and members moving to other clubs.