Historic converted flour mill hits the market offering creative office space in Sydney's Inner West
Real Estate Fund Manager EG has appointed CBRE to sell The Mungo Scott Building – a former flour mill converted into a landmark office building in Sydney’s Inner West.
05 Sep 2019
CBRE’s Matthew Fenn, Alex Mirzaian and Nicholas Heaton will manage sale of 18 Flour Mill Way, Summer Hill, through an Expressions of Interest campaign.
With a rich history dating back to 1922, the building is named after its original flour miller founder and forms the centrepiece of the new Flour Mill of Summer Hill precinct designed by award-winning architects, HASSELL and developed by EG and Daiwa House Australia.
“The conversion celebrates the building’s history by showcasing exposed brickwork, original features and period character while delivering a high quality-fit out to meet the requirements of a modern office/retail development,” said Mr Fenn.
The six-storey building comprises 713sqm of retail space across the ground and first floors and 2,788sqm of office space spanning levels one to five, totalling an NLA of 3,501sqm. Also included are 50 secure car parking spaces located 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 per cent of Sydney’s population growth over the next 30 years forecasted to be in Western Sydney,” Mr Heaton commented.
The Mungo Scott building is located 6.3km from Sydney CBD and positioned in close proximity to public transport infrastructure; 80 metres from Lewisham West Light Rail Station, 250 metres from bus services to Sydney CBD and 750 metres from Summer Hill and Lewisham train stations.
Winner of the NSW AILA Architecture Awards for Urban Design, finalist in the UDIA Excellence in Urban Renewal / Adaptive Reuse as well as Excellence in Mixed Use Development and finalist in the Inner West Council’s Built Environment (Medial for Conservation) Awards, the site is recognised as one of the most significant and interesting examples of urban renewal in Sydney’s Inner West.
18 Flour Mill Way, Summer Hill will be offered for sale by way of Expressions of Interest closing Wednesday, 2 October 2019 at 4pm.For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.