The building formerly known as The Hub Lounge Bar and Café will go under the auctioneer’s hammer next Friday, June 5.

The bar at 98 Keen Street was closed in September 2016, after the Hub’s team announced on Facebook they would cease trading “due to major problems with the building”.

The Hub had only been open for six months, after the location was purchased by 3rd Eye Productions from previous owner Jack's Bar.

Jack's Bar had already been raided and forced into a 30-hour closure. At the time, the former owner, Darren (Jack) Barry retained ownership of the accommodation side of the business.

Next Friday’s auction will be run by auctioneer Wilson Cregan.

Wilson said he has already had quite a few enquiries.

“I was pleasantly surprised, considering the current circumstances,” Wilson said.

Wilson said any future plans people had for the building would be subject to a development approval by Lismore Council.

“It was a licenced premise previously, but I think it would be expensive to return it to licenced hotel again,” he said. “As a restaurant it might not be so difficult.

“Lismore is lacking an entertainment venue with Tatts and the Dusty Attic closing - it would be good if we could have another venue like that.”

Wilson said the building was big and the 680m2 piece of land also had a large undeveloped section at the rear, as well as having three street frontages.

“It goes all the way down the side to the lane at the back and there’s lots of car space,” he said.

Wilson said when people ring up to ask questions, they often don’t tell him what they are thinking of doing with the building.

“I have had one enquiry about using it as an entertainment venue,” he said. “And others are interested in using it as office accommodation downstairs.”

Wilson said the price will be subject to the vendor’s acceptance of the auction bid’.

“The vendor will put a reserve price on it on the morning of June 1 and I will know then what he wants,” he said. “He can lower or increase that reserve in writing."

The building is advertised as having three bedroom residences and nine motel room style rooms, as well as off street parking for up to 30 cars.

If you have any enquiries about the building or the auction, you can phone Wilson on 0407 754 978.