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83 MAIN STREET MITTAGONG NSW 2575

COMMERCIAL FOR SALE

$N/A

Estimated Valuation

83 MAIN STREET MITTAGONG NSW 2575 Property Photo
Bedrooms

8

Bathrooms

9

Car Space

6

Land Size

1,094 m²

Year Built

1880

Property Type

Commercial

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Added 7 hours ago
Listing Price

Price withheld

Listed By
LJ Hooker Lifestyle Group
This unique heritage-listed property in Mittagong offers the rare opportunity to own a restored 1880s bank converted into a boutique hotel. With eight bedrooms, a historic wine cellar vault, and commercial-grade kitchen facilities, it presents significant potential for investors or those seeking a multi-generational estate with high-end finishing touches.

Description

Located in the heart of Mittagong, this historic landmark originally constructed in the 1880s as a bank has been meticulously restored to serve as 'The Old Bank Boutique Hotel.' The property sits on approximately 1,094sqm of land and offers exceptional flexibility for various future uses including boutique accommodation, events venue, or private residence. The exterior features sandstone terraces, a prominent brick façade with decorative ironwork verandahs, and a slate roof. Inside, the home boasts polished Jarrah and Victorian Ash timber flooring throughout and retains significant heritage character.

The accommodation includes eight bedrooms and nine bathrooms. The guest suites feature individually themed designs with marble or granite ensuites and underfloor heating. A standout feature is the original bank vault converted into a wine cellar, complete with a historic 1852 London-cast door. The living areas are spacious, featuring a grand cedar staircase, ornate cornices, multiple marble fireplaces, and high ceilings.

The kitchen area is commercial-grade with granite benchtops, gas cooktop, and oven. Additional modern amenities include double-glazed windows, insulation, and reverse-cycle air conditioning. The property includes secure off-street parking for six vehicles, a laundry facility, and keyless entry security systems. External entertaining areas consist of sandstone terraces and a courtyard with a fountain.

Property Style & Condition

Overall
traditional
good
Condition
Exterior
victorian
excellent
Condition
Livingroom
standard
good
Condition
Bedrooms
standard
good
Condition
Kitchen
standard
good
Condition
Bathroom
standard
good
Condition
Yard
landscaped
good
Condition

Key Features

Eight bedrooms
Nine bathrooms
Original bank vault converted to wine cellar
Polished Jarrah and Victorian Ash timber flooring
Commercial-grade kitchen with granite benchtops
Grand cedar staircase
Multiple marble fireplaces
Underfloor heating in suites
Slate roof
Sandstone terraces and courtyard
Secure off-street parking (6 spaces)
Double-glazed windows
Reverse-cycle air conditioning
Heritage period detailing
Cottage and studio accommodation

Specifications

Property Details
Property Type commercial
Architectural Style heritage,luxury,boutique hotel
Stories 2
Parking Type driveway
Construction brick,stone
Windows double pane
Gas natural gas
Internet nbn
Location & Setting
Setting suburban
Lot Position corner lot
Views mountain, valley
Nearby Amenities
Near restaurants
Near parks
Near trails
Near shopping
Rental Information
short term rental allowed

Exterior

patio
verandah
garden
fenced yard
driveway
outdoor kitchen
bbq area

Indoor

fireplace
hardwood floors
granite countertops
wine cellar
heated floors
crown molding
dual vanity
walk in closet
kitchen island
refrigerator
oven
gas range
dishwasher
washer
dryer
heat pump
radiant
split system
alarm system
smart locks
Listed on 17 Sep 2026

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    Property     MITTAGONG     LGA

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MITTAGONG Statistics

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Property Crime Chance 1 in X
State Average (Violent) 1 in 84

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1 The Property

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2 Your Situation

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3 Costs & Assumptions

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A negatively geared property usually works best held by the higher earner; a positively geared one benefits from being split to the lower earner. This is general information only.
Land tax (NSW)Annual holding cost on combined land value over the threshold.
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NSW 2026: nil up to $1,075,000 combined land value, then $100 + 1.6% of the excess, rising to $88,036 + 2% premium rate above $6,571,000. Computed land tax replaces the figure in section 3.
Cash buffer & risk capacityCould you survive vacancy, rate rises and repairs?
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Calculating…Verdict ?
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rent cash flow + capital gain − all costs & tax
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Comparing Common Investments ?
What this shows
Property value (grey bars, left axis) is the projected market value each year using your capital-growth assumption. The capital profit if sold line (coral, left axis) is the money you'd actually walk away with that year after repaying the loan, paying selling costs, paying CGT, and getting back the cash you put in. The rent collected line (teal, right axis) is gross annual rent received, grown at your rent-growth assumption.
What this shows
Three views of how the position evolves year by year. Property value (dashed) shows the asset growing at your capital-growth rate. Equity (coral) is value minus loan balance — how much of the property you actually own. Cumulative cash flow (teal) is the running total of all after-tax rent (positive) or top-ups (negative) you've put in since day one.
What this shows
The yearly cash position after every cost and tax effect. Green bars = positive years (the property paid you). Red bars = years you had to top it up from your pocket. This is the most honest picture of what holding the property feels like on a year-to-year basis.
What this shows
Where every dollar of the projected sale price goes. Net to you is what lands in your bank account; the rest is consumed by loan payout, selling costs and capital gains tax. The CGT slice depends on which regime applies (50% discount, indexation + 30% min tax, or a split of the two).

What this shows
How fragile your outcome is to the capital-growth assumption — the single biggest swing factor in any property forecast. Each point on the line re-runs the entire model at a different growth rate. Where the line crosses the dashed zero, that's roughly the growth rate needed just to break even over your hold period.

What this shows
The same upfront cash invested four different ways, held the same number of years. The property includes all rent, costs, tax and the final sale (after CGT and loan payout). The ASX 200 ETF compounds at its assumed total return; the gold line compounds at gold's long-run average; the inflation line is what you need to just preserve your purchasing power. Any year the property bleeds cash, that shortfall is invested in the comparison asset too (so they get the same total dollars over the life of the deal). Gains on the comparison assets are taxed under the same 2026-Budget CGT regime that applies to shares and ETFs — the transitional split (50% discount on the pre-1 Jul 2027 portion, then cost-base indexation + 30% minimum tax on the post-1 Jul 2027 portion), since non-property assets are never grandfathered.
What this shows
The full year-by-year ledger. Cash flow is pre-tax (rent minus all cash costs); tax effect is the value of any deduction or the tax bill on net profit; after-tax is the actual dollars in or out of your account that year. Cumulative is the running total.

About this model

Reflects the 2026 Federal Budget proposals (announced 12 May 2026): from 1 July 2027, negative gearing on established residential property bought after 7:30pm 12 May 2026 can only offset rental income / residential property gains (excess losses carry forward), and the 50% CGT discount is replaced by cost-base indexation plus a 30% minimum tax on the real gain accruing after 1 July 2027. The CGT change applies to all CGT assets (shares, ETFs, gold, crypto), not just property, so the comparison assets are taxed on the same basis. New builds retain full negative gearing and the choice of the 50% discount. Properties contracted on/before 12 May 2026 are grandfathered. The main residence, superannuation funds and widely-held trusts are exempt. These are proposed rules that may change in legislation. Resident tax rates 2025–26 are used (incl. 2% Medicare levy). This is general information, not financial, tax or legal advice — consult a licensed adviser before acting.
Purchase Cost Calculator

The True Cost of Buying this Property

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Purchase Price
$850,000
AUD
$100K $5M
Property State
Your Situation
Total Additional Costs
On top of the $850,000 purchase price in NSW
Extra Costs
$52,000
All-In Cost
$902,000
% of Price
6.1%
How these figures are calculated

Stamp Duty (Transfer Duty): Calculated using each state's 2024–25 residential transfer duty brackets for owner-occupiers. First home buyer concessions and investor surcharges are applied where selected.

Lenders Mortgage Insurance (LMI): Estimated at approximately 1.5–2.5% of the loan amount, assuming an 85% LVR. Actual LMI depends on your lender, LVR and loan size.

Conveyancing / Legal Fees: Typical range of $1,500–$3,000 covering contract review, searches and settlement. We use a mid-range estimate.

Building & Pest Inspection: Typically $400–$800 combined for a standard residential property.

Loan Application & Mortgage Registration: Includes bank application fees ($300–$600), mortgage registration (state-based, usually $150–$230) and transfer registration fees.

Council & Water Rate Adjustments: Estimated at around 0.1% of the purchase price — the buyer typically reimburses the seller for pre-paid rates.

These estimates are indicative only. Always confirm exact figures with your conveyancer, broker and the relevant state revenue office before committing to a purchase.

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Disclaimer: This calculator provides estimates only based on standard published rates for 2025-26. Actual stamp duty may vary based on individual circumstances, concession eligibility, and contract dates. LMI is a rough estimate only — actual premiums vary by lender, LVR, and loan size. Always verify with your state’s revenue office and seek professional advice before purchasing.

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Disclaimer: This calculator provides an estimate only and does not constitute a quote or loan approval. Calculations are based on standard APRA guidelines (including a 3.0% interest rate assessment buffer) and 2025–26 Australian resident tax rates. Lenders may apply their own specific Household Expenditure Measure (HEM) rules, risk margins, and varying credit card assessment rates (typically 3.8% of the limit). Rental income is shaded to 80%. Always speak to a licensed mortgage broker or lender for an exact assessment.

Refinance Savings Calculator

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