Old bank chambers listed for sale

Brendon McMahon

Another historic Hokitika property is on the market at a ‘bargain’ price.
The former National Bank chambers and adjoining manager’s residence, on the corner of Hamilton and Revell streets, has just been listed for sale for $295,000.
The old bank and residence, now divided into two flats, is listed with the same Auckland real estate agent acting for the owners of Seddon House.
That building is also selling for $295,000 after previous listings of $1.2 million, $750,000, and $520,000 failed to attract a buyer.
Real estate agent Charles Cadwallader said the former bank was in “pretty good” condition and should prove attractive, with the former residence providing rental income.
“It is not as big a do-up like Seddon House,” he said.
According to the Cyclopedia of New Zealand the bank opened on the Revell Street site in 1883, although the current banking chamber reflects art deco commercial architecture of the 1930-40 period. It closed in the 1970s, when the bank moved around to Weld Street.
Mr Cadwallader said there was real scope for development of the old bank and given the quality of old buildings nearby and it seemed “strange” not more had been done to improve the area.
“Looking at the block around there you’ve got these lovely historical buildings which haven’t had much done to them.”
He said there was interest in the Historic Places Trust category 1, Seddon House but he was reluctant to specify yet.
“It is fair to say that there is certainly considerable interest.”
The Guardian understands that another old property, the former fire station in Hamilton Street and adjoining the old bank, has also been sold.
That property was previously listed for less than $200,000 as a mortgagee sale.