An incredible opportunity awaits the visionary, investor and developer ready to honour the historical significance of this unique listing while drawing on ingenuity to reach its 21st century potential.
The stately multi-level granite and bluestone building, circa 1850, constructed to unparalleled standards, was originally the site of the Castlemaine Police Station and later (circa 1910) became The State Savings Bank of Victoria. A faade of grand proportions with detailed column work and dressed stone commands attention.
Located in the centre of town on the prominent Barker and Templeton Street corner, on a huge 1,366 sqm (approx.) allotment, it now presents three exciting tiers of investment opportunity; residential, commercial and development (STCA).
Residential Space
Awaiting its next incarnation, either as a private residence or boutique accommodation, discover three bedrooms, three bathrooms, a kitchen, generous living space, storage rooms and a cellar over three levels. With private access from Templeton Street or through the commercial space, there are options for this dwelling to stand alone or be offered in conjunction with the front.
Ready to be revived and appreciated with fresh eyes, grand proportions and intricate details are once again impressive; soaring ceilings, 6 over 6 double hung sash windows, an original decorative fireplace, winding staircases and timber floors.
Take inspiration from iconic, historical banks that have been gifted sensitive residential restorations, attracting steady bookings.
Development Site
The potential of this property culminates at the rear where a large 800 sqm (approx.) parcel of land presents a rare multi-residential development opportunity, with enough room for multiple townhouses (STCA). Although in the heart of Castlemaine this space is private thanks to the huge brick wall that wraps around it.
At the very back, the original handmade-brick two storey stables and opposite tack room/storage rooms provide a unique opportunity to converge the past with the present (STCA).
A wide 7 metre (approx.) side driveway from Barker Street enables easy rear access.
Become the next custodian, reinvigorating and value-adding to this iconic, historical landmark in thriving Castlemaine.
The Commercial Space
From Barker Street, step up into the foyer as citizens of Castlemaine have done for over a century. Opening to a generous floor space of 10.2 x 6 metres approx. there is a storage area behind and the original bank vault on display. Ideal for retail, the character and footprint also lends itself to a fine dining venue, perhaps joining the prestigious culinary ranks of nearby restaurant, Wild.
The size of Castlemaine is approximately 20.2 square kilometres. There are 26 parks, covering nearly 22.3% of the total area. The population of Castlemaine in 2016 was 6757 people. By 2021 the population was 7506 showing a population growth of 11.1% in the area during that time. The predominant age group in Castlemaine is 60-69 years. Households in Castlemaine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Castlemaine work in a professional occupation.In 2021, 73.40% of the homes in Castlemaine were owner-occupied compared with 71.00% in 2016.
Castlemaine has 4,849 properties. Over the last 5 years, Houses in Castlemaine have seen a 17.87% increase in median value, while Units have seen a 12.60% increase. As at 31 July 2026:
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