TRANSFORMED TREASURE: Ray White’s Trent Neven is looking forward to seeing what the Upper Dawson Rd property will go for under the hammer next month.
TRANSFORMED TREASURE: Ray White’s Trent Neven is looking forward to seeing what the Upper Dawson Rd property will go for under the hammer next month. Allan Reinikka Rokarealest

Auction to give locally renovated church new lease on life

IT WAS once a place where people went to pray, but for the past four years it's been a family home.

Next month, however, will give someone else a chance to give the locally renovated church a new lease on life, along with the 10 studio apartments located at the back of the property, as the Upper Dawson Rd property goes up for auction.

The 1545m2 allotment is made up of 10 one-bedroom studio apartments and the three-bedroom church.

Ray White Rockhampton City real estate agent and auctioneer Trent Neven said it was one of the most unique properties he's seen in the Allenstown area.

"It's a good property and it's very unique," he said.

"The 1545 square metres is a bit of a rarity in that sort of area plus it's on a corner block which is great. Originally the studio apartments were the nun's quarters for the nuns who practiced at the church which is interesting and the church has already been subdivided so it could be sold off at a later date individually if that suited the buyer.

"Transforming big spaces like churches and warehouses is becoming a bit of a trend and I do know of some people here who've given big spaces new leases on life which is nice because years ago it was considered that once a church, always a church.

"Ideally this property would be perfect for an investor and I have had a few country people interested in it who have talked about renting the rest of the apartments out and keeping the church as a town house."

Trent said another big advantage was the annual income the property would return to the buyer.

"The return on it is phenomenal with each apartment having previously returned $180 per week and when fully leased the property returns over $100,000 a year," he said.

"There's been nothing else I've seen that returns that sort of money from a residential perspective. We took it to auction because we're unsure of the price it's worth so it will depend on who wants it and for what reason.

"So far the enquiries have been strong and I think there should be a good turn out on the day of auction."

UNDER THE HAMMER:

Where: Auctioned on site at 87 Upper Dawson Rd.

When: 10am on December, 12.

Contact: Ray White Rockhampton City for more details.



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