Twenty-one four-bedroom apartments are planned for the Bath St property that has been subject to a few arsons, including one early on Monday morning.
Property owner Wayne Bishop said it is very frustrating to deal with any acts of vandalism.
“Luckily we had stripped all the asbestos out of the building when the big fire happened in November. That took a while and then you need to wait for the sign-off before you can proceed. That is why the building was left vacant.”
He said he has plans for two-storey apartments with three bedrooms and bathrooms upstairs and one bedroom downstairs.
“Great accommodation for businesspeople, temporary staff and very suitable for B and Bs as it is close to town,” he said.