Specialist national hotel brokerage firm, HTL Property, is delighted to announce the successful sale of the historic Flour Mill Hotel site to a respected and experienced local hotel operator.
Situated on a prominent 7,257 sqm* landholding at the southern gateway to the Wagga Wagga CBD, The Mill Hotel sits within the historically significant Murrumbidgee Flour Mill precinct.
The transaction marks a new chapter for the landmark site, one that HTL Property believes will enhance the ongoing and transformative growth of Wagga Wagga.
“The Purchaser brings an undoubted wealth of experience, a sharp operational lens and enormous vision for The Mill. Accordingly, the successful sale concluded is a strong vote of confidence in both the site’s potential, and the strength of the active NSW regional hotel market” advised HTL Property’s Ben Kennedy.
The substantial freehold site offers a robust foundation for development, with approximately 2,500sqm* of partially completed built form, including multi-level concrete slabs, a newly reinstated roof system, and upgraded parking facilities.
“With Wagga Wagga experiencing sustained population growth and broader regional expansion, opportunities like this are increasingly rare” commented HTL Property’s Paddy Dalton.
“The Flour Mill Hotel project enjoys exceptional foundations, meaning it’s perfectly positioned to benefit from the city’s rising demand for lifestyle, hospitality, and entertainment. Backed by an experienced visionary, it is set to become a cornerstone of Wagga’s next chapter” Dalton concluded.
Key Investment Highlights:
• MU1 Mixed Use Zoning with a 25m height limit and 4.1 FSR (STCA)
• Over 100 car spaces, with direct access from Edward Street (Sturt Highway)
• Part of a rapidly growing precinct featuring national fuel and QSR developments
Surrounding investment continues to reinforce the Mill’s strategic importance. Recent neighbouring developments, including a nationally branded fuel and fast-food outlet, add further momentum to the precinct’s revitalisation.
“The Mill will undoubtedly become a flagship destination within the city. With an experienced publican who is immersed in the local community at the helm, we expect to see something that balances respect for the site’s rich history; with modern, forward-thinking hospitality experiences” added HTL Property Director, Blake Edwards.
“This sale, and others our expert firm has recently concluded, successfully reflects the ongoing strength of regional hospitality assets; and the increasing confidence operators have in growth corridors like Wagga Wagga” concluded Edwards.
End.
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