Elders, Nicoll and Ireland real estate has just leased the Ashworth Drive site.

Manager David Nicoll is staying tight-lipped about who the new tenant is, but did reveal that it was a national name that has never been in Bathurst before.

The business has confidence in Bathurst and is making a long-term commitment to the city.

"They've signed a long-term agreement to occupy the site. The Bathurst project is part of a national rollout, Bathurst was specifically targeted as a place they want to be," Mr Nicoll said.

Elders has a long history with the Kelso site, making it the ideal agency to handle the campaign to find a new tenant after Harvey Norman moved to Pat O'Leary Drive.

READ MORE: Council approves Harvey Norman's plans for old Masters site the day after DA was lodged

"We sold it about 17 years ago for Gerry Harvey and his partners to the current owners," Mr Nicoll said.

"Harvey Norman moved out last year and we've been running a campaign to reoccupy the site.

"We had the potential to redevelop the site and we had considerable interest in the redevelopment, but this national corporate tenant was sourced and they've executed a lease to occupy the entire building."

The building is 3300 square metres in size and sites on the corner of Ashworth Drive and Sydney Road.

It's prominent location at the eastern entry to Bathurst was one of the factors that attracted the new tenant.

"It's a landmark site, of course, the gateway to Bathurst. It's got its own parking. They'll be able to provide their customers with very easy access for loading their purchases because of the size of the property," Mr Nicoll said.

He said the business could be open within two to three months, with the fitout of the building set to start in a matter of days.

"We've been working with the lessor to have lessor works done to the building to have it ready for a tenant and they'll be commencing their leasee works within the next week to transform the building suitable for their business," he said.

"Passersby will start to see some activity. They'll really turn it into a great business for the region."

While one of the proposals for the site was to redevelop it to potentially house multiple tenancies and reconfigure the car park, neither of the plans will eventuate due to size of the tenant.

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