Heritage-listed landmark of Wagga Wagga, the Flour Mill Hotel, has sold to a local publican developer with big plans to capitalise on its potential.
Murrumbidgee Milling Company, commonly known as ‘The Mill’, opened in 1890.
The historic Mill Hotel and surrounding site were offered for the first time in April, following the recent subdivision of the broader Mill Precinct. It is an anchor asset within the Murrumbidgee Flour Mill Precinct – a staged, mixed-use masterplan featuring residential, retail and QSR components.
Its high-profile 7,257sqm site enjoys direct access from the Sturt Highway (Edward Street), proximate to key civic and commercial infrastructure. It currently has an operational kitchen and partially fitted restaurant and bar over approximately 2,500sqm, with an all-new roofing system and parking for 100-plus vehicles.
MU1 Mixed Use zoning provides for a 25-metre height limit and 4:1 FSR, which could allow for up to 32 boutique hotel rooms.
Works at the Mill Precinct continue, recently adding adjoining land earmarked for a fuel and retail business. The continued investment reinforces the Mill’s strategic importance.
Wagga is experiencing sustained population growth and broader regional expansion, prompting its evolution as an inland capital, underpinned by government and private investment.
The hotel is well positioned to benefit from the city’s rising demand for lifestyle, hospitality and entertainment, and it’s thought its new chapter is set to transform the landmark site and contribute to the ongoing and transformative growth of the city.
While the identity of the buyer has not been revealed, sources close to the deal say the asset found sale price north of $3 million.
“The purchaser brings an undoubted wealth of experience, a sharp operational lens and enormous vision for the Mill,” offers HTL Property’s Ben Kennedy, who managed the campaign with colleague Paddy Dalton.
“Their acquisition is a strong vote of confidence in both the site’s potential, and the strength of the NSW regional hotel market.”
The asset was put out to offers in April via an Expressions of Interest campaign.
“The Mill will undoubtedly become a flagship destination within the city,” adds HTL’s Blake Edwards.
