02 Sep 2019

EG’S Historic Flour Mill Conversion Offered For Sale

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2 SEPTEMBER 2019 – (Sydney, Australia) EG, a leading Australian real estate fund manager and developer is pleased to announce the sale of the Mungo Scott Building – a key feature in the Flour Mill of Summer Hill site which has been converted to a landmark office building in Sydney’s Inner West.

The six-storey building comprises 713sqm of retail space on the ground and first floors and 2,788sqm of office space spanning levels one to five, totalling an NLA of 3,501sqm.

“The opportunity will appeal to both investors and owner occupiers as it couples quality heritage office accommodation with the convenience of the Inner West” Aakriti Chona, Senior Manager Capital Transactions EG said.

The property is well located just 6.3km from Sydney CBD and positioned near 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.

“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 Matthew Fenn of CBRE commented.

As the winner of the NSW AILA Architecture Awards for Urban Design, finalist in the UDIA Excellence in Urban Renewal / Adaptive Reuse and finalist in the Inner West Council’s Built Environment (Medial for Conservation) the site has maintained its rich history dating back to 1922 enhanced by award-winning architects, HASSELL.

The asset forms part of EG’s successful Yield Plus Infrastructure Fund No 1 focused on acquiring yield-producing assets likely to benefit from urban renewal, new transport and community infrastructure, rezoning, repositioning and/or redevelopment potential.

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 closing Wednesday, 2 October 2019 at 4pm.

For more information, view the official listing.
Watch the video:
https://vimeo.com/357686487

The opportunity will appeal to both investors and owner occupiers as it couples quality heritage office accommodation with the convenience of the Inner West.

Aakriti Chona

Senior Manager

Capital Transactions

The Australian Property Institute

EG offloading former flour mill

Australian Property Journal

EG offloading former flour mill

Australian Financial Review

EG hoping for more than $30m for Flour Mill office conversion