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Long Bay Gaol

Discussion in 'General Property Chat' started by larrylarry, 6th May, 2016.

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  1. larrylarry

    larrylarry Well-Known Member

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    larrylarry, 6th May, 2016
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    All ensuite rooms? Might be a little difficult getting finance for a 10 x 6' cell though. Insurance should be ok as I hear security is 24/7.
     
    Scott No Mates, 6th May, 2016
    #2
  3. Agent99

    Agent99 Well-Known Member

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    Each cell should be worth a fortune, only 1 or 2 tenants, solid build, good views, safe, secure, security doors :D
     
    Agent99, 7th May, 2016
    #3
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    I hear that there's a strict no smoking policy and restrictions on the numbers of visitors allowed too.
     
    Scott No Mates, 7th May, 2016
    #4
  5. Gockie

    Gockie (FB): Peter Thornhill share investing enthusiasts Business Member

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    Prices will increase in La Perouse... Its a bit undesirable/undercapitalised as far as the Eastern Suburbs go as it has the gaol in the area... with this news I can see it become more popular
     
    Last edited: 7th May, 2016
    Gockie, 7th May, 2016
    #5
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    @Gockie - you've picked the subtext
     
    Scott No Mates, 7th May, 2016
    #6
  7. Gockie

    Gockie (FB): Peter Thornhill share investing enthusiasts Business Member

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    I probably didnt need to say it. But for anybody looking...
     
    Gockie, 7th May, 2016
    #7
  8. larrylarry

    larrylarry Well-Known Member

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    I saw its potential when I visited an inmate some years ago. It would be easy conversion really, with a court yard within the 4 walls...huge gates!
     
    larrylarry, 7th May, 2016
    #8
  9. Gockie

    Gockie (FB): Peter Thornhill share investing enthusiasts Business Member

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    Personally, though I generally like heritage, I wouldn't want to buy part of an old converted gaol. Warehouse conversion yes, gaol conversion, no.
    Remove the whole structure, start afresh and i'd consider it.
     
    Gockie, 7th May, 2016
    #9
  10. larrylarry

    larrylarry Well-Known Member

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    If you have been inside of it, you will like it.
     
    larrylarry, 7th May, 2016
    #10
  11. Gockie

    Gockie (FB): Peter Thornhill share investing enthusiasts Business Member

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    Hmmm. Ok! I'll take your word on that
     
    Gockie, 7th May, 2016
    #11
  12. larrylarry

    larrylarry Well-Known Member

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    I've only been to one wing of the establishment but I see potential!!!
     
    larrylarry, 7th May, 2016
    #12
  13. Scott No Mates

    Scott No Mates Well-Known Member

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    Gated community. Close neighbours?
     
    Scott No Mates, 7th May, 2016
    #13
  14. larrylarry

    larrylarry Well-Known Member

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    one spirit!
     
    larrylarry, 7th May, 2016
    #14
  15. Magnet

    Magnet Well-Known Member

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    low vacancy rate of tenants...
     
    Magnet, 7th May, 2016
    #15
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  16. dabbler

    dabbler Well-Known Member

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    They should get the old tenants back but make them pay a fair market rent via exchange of labour !
     
    dabbler, 7th May, 2016
    #16
    larrylarry likes this.
  17. Scott No Mates

    Scott No Mates Well-Known Member

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    Many of the tenants like the place so much that they keep coming back.
     
    Scott No Mates, 7th May, 2016
    #17
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  18. dabbler

    dabbler Well-Known Member

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    Why not, roof above your head, regular meals, in this case, sea breeze at times, and maybe allowed to still run a business of some kind by phone !
     
    dabbler, 7th May, 2016
    #18
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  19. larrylarry

    larrylarry Well-Known Member

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    No need of shawshank redemption scenario.
     
    larrylarry, 7th May, 2016
    #19
  20. Ted Varrick

    Ted Varrick Well-Known Member

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    A few bucks extra should be obtained if it were advertised as a "security block"... and some wag in the Herald on Saturday mused that should the Powerhouse Museum be relocated to Parramatta, then the residents of Long Bay could be relocated to Ultimo (after a bit of a refurb...)
     
    Ted Varrick, 8th May, 2016
    #20
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