A GRIFFITH landmark has hit the market for the first time in years.
Formerly known as the War Memorial Hostel and more recently used as a backpacker's hostel, the property is located at 112 Binya Street.
Rawlinson and Brown's Robert Cavallaro said it would be the perfect purchase for someone with vision or in the accommodation game.
Tenders close on Thursday, December 19 at 4pm.
"I don't know a lot about the history, but from what I understand, it was used years ago for kids to stay in from out of town," Mr Cavallaro said.
"But it's a prime location and the building is huge and as solid as a rock. It is double brick but there are just signs of it being tired. It really just needs cosmetic improvements."
The building was officially opened around 1964 in honour of those serving their country between 1939 and 1945 and used as a boarding house.
It features nine dorm rooms, a games/dining hall and a large lounge/theatre room.
There is also an industrial-style kitchen with walk-in pantry, large cool room, multiple toilets and showers and office.
The self-contained two-bedroom caretaker/granny flat has a small kitchenette.
"It needs a little TLC, but is as solid as a rock and has so much potential," Mr Cavallaro said.
"I've already had inquiries and it's quite interesting to see where they are coming from."