297 Kent Street, Maryborough, Qld 4650

If you desire one of the Hervey Bay region's most exclusive homes, ample space, and the possibility of generating passive income, you must inspect this two-storey residence with potential retail or office space in the heart of Maryborough CBD.

Featuring a luxurious five-bedroom executive apartment, this iconic 19th-century mansion features marble fireplaces, chandeliers, and polished timber flooring. Discerning buyers will identify the uncapped opportunity that is now on offer.

Originally built in 1889 for the Royal Bank, this architecturally stunning building was built to last, with no expense spared. While steeped in history, modern extensions have expanded the total footprint to 570 m².

On the lower floor, an impressive 14-foot ceiling, tile floor, and reception foyer greet visitors. Period features, including cedar doors and lead lights, complement the 17 fully air-conditioned offices, kitchenette, toilets, and strong room (former bank vault with foot thick lead lined walls).

The lower floor has previously served as a medical centre, restaurant, boarding house, and college. This versatile space could be repurposed for any number of uses, such as co-working spaces and multiple tenancies like coffee and retail shops, catering to the captive clientele using the large council car park next door.

Upstairs, accessed via the grand cedar staircase or other private entrances, this luxurious apartment could be mistaken for a European palace.

The apartment's private balcony offers stunning views of the town, with ample space to host unforgettable gatherings with family and friends.

Situated on a 1000 m² block, with undercover private parking and room for gardening or other outdoor projects, this property represents excellent value and offers the potential to generate a passive income.