This article is from the Australian Property Journal archive
REAL estate fund manager EG has listed the former flour mill turned six-storey office complex, the Mungo Scott Building in Sydney’s Summer Hill for sale.
CBRE’s Matthew Fenn, Alex Mirzaian and Nicholas Heaton are managing expressions of interest for 18 Flour Mill Way, closing 2 October.
The building’s history dates back to 1922, and is named after its original flour miller founder and forms the centrepiece of the $340 million Flour Mill of Summer Hill precinct, designed by Hassell architects, and developed by EG and Daiwa House Australia.
Retail space on the ground and first floors totals 713 sqm, and 2,788 sqm of office space spans levels one to five, for a total net lettable area of 3,501sqm. Also included are 50 secure car parks in the basement of the adjacent Granary building.
“This heritage asset represents a significant opportunity for investors and owner/occupiers alike to capitalise on the tremendous potential of the Inner West, with 70% of Sydney’s population growth over the next 30 years forecasted to be in Western Sydney,” Heaton said.
The Mungo Scott Building is 80 metres from Lewisham West light rail station, 250 metres from bus services to the CBD and 750 metres from Summer Hill and Lewisham train stations.
Milling operations ceased in 2009, and disused buildings have been repurposed as part of the Flour Mill project, which now has 360 apartments and terrace houses across 11 separate buildings.
