Milton’s iconic former Woollen Mills presents a rare opportunity to secure a substantial and well-known property on the edge of town, now offered for definite sale.
Set on approximately 8.7 hectares of predominantly industrial zoned land, the property sits on the town’s residential boundary and benefits from strong exposure with around 70 metres of State Highway 1 frontage.
With multiple access points and a prominent roadside profile, the site offers genuine flexibility for a range of future uses.
The property is anchored by two striking classic brick buildings and includes a wide range of improvements across the site, providing scale, character and adaptability.
Key features include:
- Six Street Frontages
- 1.3ha “The Factory” building
- 820m² two level office building
- 1,500m² wool store
- Multiple other buildings
- Currently estimated $185,000 per annum split between multiple tenants
The existing income provides a solid holding position while future options are explored. The vendor has prepared concept plans for residential development, highlighting the longer-term potential of the site, subject to the usual planning and consent processes.
The property is offered for sale on an as is, where is basis. Opportunities of this scale, profile and flexibility are seldom available in Milton.
All previous pricing should be disregarded. This iconic property is for definite sale.
For further information or to arrange an inspection, contact Peter on 027 459 3135.
