Lithgow's Mort Street TAFE building has been sold at auction.
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LJ Hooker's Jamie Giokaris, selling agent along with Peter Seeto of International firm Jones Lang LaSalle, confirmed on Thursday, September 12 that the building had sold for $975,000.
He said there was competitive bidding at the Thursday morning auction at Cooley Auction Centre in Sydney.
"Bidding began at $500,000 and went up from there," he said.
Three bidders in total were involved in the process. No details are currently known about the plans of the winning bidder.
Originally built in 1924, the building sits on a 1996 square metre block. In the lead-up to the auction Mr Giokaris said there was plenty of potential in the site, which had sat vacant for a number of years now.
According to Mercury records, the former TAFE initially sold for $215,000. Approximately four and a half years ago the present owners paid $625,000 at a mortgagee auction.
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