As a result of recent subdivision of the broader Mill Precinct, the historic Mill Hotel and surrounding site are being offered for the first time.
The Mill Hotel is a landmark heritage freehold and anchor asset within the Murrumbidgee Flour Mill Precinct – a staged, mixed-use masterplan featuring residential, retail and QSR components. Murrumbidgee Milling Company, commonly known as ‘The Mill’, opened in 1890.
It occupies a high-profile 7,257sqm landholding directly accessed from the Sturt Highway (Edward Street), at the southern end of the Wagga Wagga CBD, proximate to key civic and commercial infrastructure, including the new $25 million PCYC and Dan Murphy’s.
The structure comes with an operational kitchen and partially fitted restaurant and bar, and parking for 100-plus vehicles. There is approximately 2,500sqm of structurally completed built form, with new services infrastructure and an all-new roofing system.
The heritage building offers potential for up to 32 boutique hotel rooms, designated MU1 Mixed Use zoning, under a 25-metre height limit and 4:1 FSR.
Wagga’s evolution as an inland capital is bolstered by government and private capital, and located in an area now delivering the benefits of both the pub is said to present “a meaningful head start” for an incoming operator.
Works at the Mill Precinct continue, recently assuming adjoining land that will soon accommodate a nationally-branded fuel and retail business.
The hotel’s development capacity represents a rare opportunity to create a flagship hospitality or mixed-use business of scale. Industry sources suggest the site will likely fetch around $4.5 million.
It is being sold through an Expression of Interest campaign closing Thursday, 1 May that suggests “Where there’s a Mill, there’s a Way”.
“The site is materially de-risked, with both the physical improvements and planning framework having advanced significantly,” notes HTL Property’s Ben Kennedy, managing the campaign with colleague Paddy Dalton.
“What remains is the application of a visionary lens to realise the full potential of this landmark project.”
