Iconic Rathgar House hits the market
One of Grafton’s oldest and most iconic properties, Rathgar House, is on the market after being fully restored.
Rathgar House, located at 44 Schwinghammer Street, South Grafton, was originally the home of the first Mayor of South Grafton.
The current owner is a prominent member of the Grafton community, Tony Kouorahanis, who renovated the property with plans to turn it into Coffee shop and Bed and Breakfast accommodation.
“Tony purchased Rathgar House at auction just over a year ago and his dream was to refurbish and renovate the whole property. He accomplished this, installed a fully operational cafe, and he had visions to open a Bed and Breakfast.
“Due to his family circumstances, Tony has made the decision to sell the property,” Ben Hottes, selling agent at Ray White Grafton said.
This historic building, built in the late 1890s, sits on 1514m² of land and features seven bedrooms, five bathrooms and five metre ceilings in the parlor.
“Rathgar House is famous for being one of the oldest residence in Grafton – it’s almost as iconic as the Clarence River,” Mr Hottes explains.
Mr Hottes says the residence as it stands today could easily be turned into a family residence or utilised as a B&B, as initially planned.
“Tony invested his heart and soul into transforming this piece of history. The restorations are spectacular and include new flooring, lighting with feature chandeliers, high quality carpets and repainted interior and exterior.
“A family could move in and run a local cafe from their home. The property has frontage to the Pacific Highway, which is obviously fantastic for business exposure,” Mr Hottes concludes.
Rathgar House goes to auction on 9 August 2014. Mr Hottes says the market will play a significant role in determining the value of the property.