28 - 34 Busby Street, South Bathurst, New South Wales
Logan Brae
EXPRESSION OF INTEREST Closing: 11 March 2026, 4PM
Business Description
- A structurally sound ‘soft shell’ asset with base-build works complete
- R1 General Residential zoning supporting residential and boutique accommodation uses
- 21-room Convent, Chapel, self-contained cottage & 3-bedroom residence
- A heritage estate of 2.3 hectares*, comprising multiple historically significant buildings
- Bathurst’s population of 44,381* is projected to hit 50,500* by 2041
- Immediate proximity to Bathurst Base Hospital and Charles Sturt University, underpinning demand from medical, academic and visitor accommodation markets
- Assets of this scale, provenance and location are exceptionally rare within regional New South Wales, supporting long-term capital preservation
*Approx.
Closing
11 March, 2026 at 4PM
Business Summary
Key Investment Insights
1. Structurally sound ‘soft shell’ asset with base-build works complete, reducing construction risk and shortening time to operational fit-out.
2. R1 General Residential zoning permits residential and boutique accommodation uses, enabling flexible redevelopment or hospitality conversion.
3. Existing accommodation inventory includes a 21-room convent, chapel, self-contained cottage and a 3-bedroom residence, providing immediate capacity for income generation.
4. Heritage estate of approximately 2.3 hectares, comprising multiple historically significant buildings, offers strong provenance and distinctive market appeal.
5. Immediate proximity to Bathurst Base Hospital supports stable demand from medical staff, patients and allied health visitors.
6. Immediate proximity to Charles Sturt University underpins demand from students, visiting academics and university-related visitors.
7. Combined healthcare and university catchment creates diversified demand streams for accommodation, reducing reliance on a single market.
8. Bathurst population of approximately 44,381 with projection to about 50,500 by 2041 signals long-term market growth and potential for rising occupancy and rates.
9. Assets of this scale, provenance and location are described as exceptionally rare within regional New South Wales, supporting long-term capital preservation and scarcity value.
10. Multiple buildings and sizeable landholding present operational flexibility for phased development, adaptive reuse or expansion of accommodation offerings.
11. Sale timetable includes a closing date of 11 March 2026 at 4PM, providing a defined window for due diligence and financing arrangements.