Not all tomb and gloom for Egyptian-themed Masonic Hall
Sandringham’s iconic Egyptian-style Masonic Hall is still searching for a buyer after it passed in for a multimillion-dollar sum.
But it’s not all tomb and gloom; the local agent sphinx a deal will be wrangled soon.
A buyer would have needed to splash at least $2.9 million to secure the heritage-listed building at 23 Abbott St.
Commercial Insights: Subscribe to receive the latest news and updates
But bidders would not go beyond the $2.3 million vendor bid at the October 26 auction.
Hodges Sandringham director Andrew Boyce says a mix of buyers turned up for the hall’s moment under the hammer.
“Some were interesting in converting it into the family home, while others wanted to continue its tradition as a community meeting place,” Mr Boyce said.
“Given the strict heritage guidelines, its taking interested parties a little longer to do their due diligence.
“It passed in on a $2.3 million vendor bid, and the reserve was $2.9 million.”
Boyce says he hopes to seal a deal in the following week.
The Egyptian Revival-style Masonic Hall dates back to 1931 and is among only three in Victoria that were built in this style, according to a Heritage Council of Victoria report.
It features Egyptian-themed embellishments throughout, including astrological symbols and winged solar discs.
The hall is still owned by the Freemasons, and was quoting $2.19 million-$3.19 million prior to auction.
This article from Leader Newspapers was originally published as “Sandringham’s Egyptian-style Masonic Hall still seeking hefty sum”.