After many years on the market, the Watervale Community Association has sold the Watervale Hall.
It is understood the new owner intends to run a secondhand furniture and antiques business from the premises.
“It’s great to see the hall sold and hopefully bring with it a new business to our town.
“This is the end of an era and the beginning of a new one for Watervale community.
“With the sale of the Watervale Hall, the community can now look forward to creating a new centre at the recreation park for everyone to enjoy,” Greg Bryksy, President of the Watervale Community Association said.
The building was built in 1872 by the Ancient Order of Foresters, subsequently purchased by the Watervale community in 1966, with ownership being transferred to the Watervale Community Association in 2005.
In recent years the hall has required increasing amounts of maintenance, but revenue from hall usage has declined.
The hall represents memories for many of the community including news during wars, dances, debutante balls, Christmas parties, cabarets and more.
Mr Bryksy said it gave him peace of mind to know the Hall would be preserved and maintained into the future.
The sale of the hall was a highly controversial decision, originally proposed in 2010 following considerable community discussion.
It had been listed with a couple of real estate agents for a number of years.
Watervale Community Association intends to use the proceeds from the sale to build a low-maintenance, multipurpose facility adjacent to the Watervale Oval, which could be used by sporting clubs, arts groups and hired out to the general public.