New life for city icon: Customs House sells for $1.5m
AN ICONIC Mackay building has sold to local buyers after just six months on the market.
The heritage listed Customs House stands on the corner of River and Sydney streets, a head-turning federation style building constructed in 1902.
Along with the Bond Store, on the southeast corner of the site, the property was listed for sale for $1.5 million.
Explore Property agent Jordan Miller said negotiations had been under way for some time, with a few delays due to the coronavirus pandemic.
He said it was exciting to see the Customs House change hands in what has been an unprecedented time for the country.
"A local buyer has purchased the property and they can't wait to get in and start their fit-out," Mr Miller said.
"They have incredible plans for the space but want to preserve the heritage aspects of the building, which is great to see."
The design of the Customs House is attributed to J.S. Murdoch who went on to play a substantial role in the development of early Canberra.
Soon to be home to an allied health business, the Customs House had been occupied by Alman Partners True Wealth for the past 16 years.
Founder Scott Allman and business partner Steve Lowry purchased the property in 2004 and moved in with a team of six staff.
The business has now grown to a team of more than 21 and so a bigger space was required.
"We have actually moved across the road into the old Mackay Spare Parts building," Mr Lowry said.
"We are really thrilled that Customs House is no longer sitting there empty and will be preserved for future generations.
"It was quite neglected when we first moved in so we spent a lot of capital in those first years bringing it back to its former glory.
"In a day and age when government funds are fairly light, it falls to the private sector to ensure these iconic buildings get the love they deserve."
With a beautiful riverside view and its location on a prominent corner, Mr Miller said there had been an overwhelming amount of interest from both local buyers and out of town investors looking to snap up the heritage building.
Part of the Mackay Waterfront Priority Development Area, the potential of the property was endless.
"The real commercial figures showed more than 10,000 views on the listing, it was trending well above the average amount of property views across Central Queensland," Mr Miller said.
"We did anticipate the property would be on the market for longer so we are very excited to be involved in the sale of such an iconic landmark."