A DORMANT 75-hectare heritage village at Goulburn, complete with 77 buildings, cricket oval, clock tower, and bowling green has been listed for mortgagee sale with $5 million-plus hopes.
The Kenmore property, once home of 1400 psychiatric patients in its 1960s heyday, comes with extensive Edwardian freestyle architectural works by the colonial architect Walter Liberty Vernon.
The buildings have been standing virtually idle since they were offloaded by the State Government in 2003 to Longreach Capital for $3 million.
The sole director of the Melbourne company Longreach, Mary Irving, thought it had been sold off in 2006 as an educational campus for $16 million. Then in 2008 a syndicate fronted by the businessman Jim Byrnes offered $4.4 million, but the sale did not proceed to settlement.
A land speculator, George Tzovaras, abandoned his proposed $6.9 million purchase this year.
The site, which stretches to the Wollondilly River on the northern outskirts of Goulburn opposite the racecourse, served as a psychiatric hospital from the 1890s overseen by Dr Frederick Manning, the inspector-general of the insane.
The real estate agency Cushman & Wakefield, which is on its third marketing campaign, will auction the property on October 27 under instructions from Westpac Bank.
''We have renewed interest from community groups who have envisaged its adaptive potential,'' the listing agent, Gregory May, said.
He said that in the past two years he had received 220 inquiries from prospective buyers.
The property comes with a museum, but more commercial potential uses include aged care accommodation, conference centre, golf course, education facilities and a boutique hotel.
The Land and Environment Court determined its value in 2007 at $7.87 million, with a lowering to $4.16 million because of Heritage Act restrictions.
On its 2003 sale the then premier, Bob Carr, suggested its sale would trigger $150 million in spending and 500 jobs.
The commerce minister at the time, John Della Bosca, said an eight-member panel, including the Crown Solicitor, the mayor of Goulburn, Public Works and Department of Health officials and an independent probity auditor, had unanimously chosen the winning tender.