Well known Camperdown businessman Lawrie Voutier has bought the hotel but said he was still unsure of what he planned to do with it.

“I’m open to offers,” he said.

Mr Voutier, who stars in the Foxtel show Demolition Man, said one option could include an affordable family restaurant.

“It doesn’t have to be anything fancy, just a place for families to go to and it not cost too much.

“I think we can turn it into something good. 

“I’d like to think it will be good for the town. We’ll see if we can rent it out and go from there.”

Mr Voutier bought the building from developer Dean Montgomery.

He said given it had been vacant for five years it was crucial to get some “life back into it”.

“Hopefully someone will come along, I don’t need a lot of rent for it,” he said.

“I’d just like to see it up and running.”

The building was listed for sale at $1.15 million.

Jame H Monk real estate agent Kevin Gleeson said the sale was a fantastic result.

“Lawrie is a bit of a mover and shaker and when Lawrie takes on something it gets done,” he said.

“He loves buildings with character and charm. He’s very keen to get the show up and running.

“There is multiple opportunities for tenants there. It’s great what he has done for the town.

“What you see is what you get.”

Along with the Commercial and Hampden, the Leura Hotel is one of the town’s oldest hotels, built in 1902 on the site of Camperdown’s first public house which was established in the 1850s.

There are 38 bedrooms with bathroom facilities in both the east and west wings. The site covers more than 2400 square metres and has two retail frontages. 

An extensive renovation of the Edwardian-era building took place in 2011 and the site was gutted and stripped of most of its fittings.