The City of Melbourne has purchased the Kathleen Syme Centre from the State Government for $4.88m.

Council’s request to purchase the property was agreed upon with the State Government after years Melbourne’s expressed interest in procuring it.

Mayor Robert Doyle said the purchase will enable the council to develop a community hub for Carlton residents.

“It's in a great location and will allow us to provide a range of quality services and activity spaces to residents well into the future,” Mr Doyle said.

Future Melbourne Committee Chair, Jennifer Canis said a contract of sale has been signed for the 1691 square metre property.

“The historic building will require considerable fitting out to convert it into a community facility and we look forward to working with the Carlton community to identify the best use of the building and the services that it will house,” Ms Kanis said.

Melbourne’s purchase of the Kathleen Syme Centre is in addition to its previous $5.9 million commit more to upgrade the Carlton Recreation and Family Resource Centre.