HISTORIC Tremain’s Mill, which will be auctioned on May 7, is attracting interest from potential buyers, according to Raine and Horne principal Matt Clifton.
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The building, which dates back to 1859, was listed with Raine and Horne Bathurst earlier this month.
Measuring a significant 8522 square metres, with 5000 square metres of let-able area, the mill currently houses 20 tenants.
The site includes a preschool (Keppel Street Kindy), laundromat (Keppel Street Laundry), Bedwells Feed Barn, the old mill and concrete silos, a number of inter-linked buildings (constructed from a mix of brick and corrugated iron) and a vacant block of land on Havannah Street.
Tremain’s Mill has three street frontages – Havannah, Keppel and Manilla streets.
Mr Clifton said the 20 tenants within the Tremain’s Mill site pay a total of $195,000 gross each year in rent, which presents a significant investment opportunity.
“They are incredibly stable and long-term so, from an investment point of view, it’s incredibly stable,” he said when the property was first listed.
Since then interest in the property has come from a range of potential buyers, including investors and developers.
“A couple of these are quite genuine, but it’s always hard to way what’s going to happen on auction day,” Mr Clifton said.
“It’s a unique site, a very large site and a fantastic site, it’s quite incredible really.”
Bathurst resident, and the woman behind the Save our Silos Facebook page, Tracy Sorensen told the Western Advocate she was concerned about the mill’s future.
“As soon as a heritage building starts changing hands it becomes a vulnerable moment for these buildings ... a heritage order doesn’t guarantee preservation,” she said in February.
“By the time a DA gets to council a huge amount of money has already been spent,” she said.
