Apartment in Elwood’s converted first cinema hits the market

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8/145 Ormond Rd, Elwood was originally a cinema.

The credits are rolling for the vendor of a converted apartment within Elwood’s first cinema.

A New York-style loft apartment in the iconic ‘Broadway Theatre’ building at 8/145 Ormond Rd has hit the market with price hopes of $510,000.

The building opened in 1919 as the first cinema in Elwood before it was converted into a ballroom and function centre in 1961.

It was then redeveloped into apartments at a later date.

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The loft apartment has a New York style to it.

Chisholm and Gamon Elwood agent Trish Mulcahy said apartments in the building were tightly held.

“People love being involved in older buildings that also have a modern touch,” Ms Mulcahy said.

“The vendor has owned it for many years and is only selling as she is moving to the country.”

The kitchen has a stainless steel Blanco cooker.

The bedroom is on a mezzanine level.

The two-storey apartment has an open-plan kitchen, meals area and lounge room, that flows outside to a balcony, on the entry level and one bedroom with combined bathroom and laundry upstairs on a mezzanine level.

The apartment was designed with high ceilings and a void to create a sense of space while timber floorboards and a striking staircase add quality to the conversion.

The bathroom and laundry are combined.

There is also secure basement parking for one vehicle.

Another apartment, No. 11, in the same building recently sold for $824,000 through McGrath.

It has a larger living space and two bedrooms.

Only a couple of other apartments have sold in recent years.

The median unit price in Elwood is $623,000, which has seen a drop of 3 per cent in the past 12 months, according to CoreLogic.

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