Next stage of Summer Hill's Flour Mill development goes on sale

One of Summer Hill’s most recognisable industrial relics is being transformed into a residential and commercial hub, with the next stage about to hit the market.

The Flour Mill was built in the 1920s, taking advantage of the goods railway line built during World War I.

Fast-forward a century or so and developers EG and Daiwa House are hoping buyers will be drawn to a similar convenience: the new light rail stop, not to mention trains and buses to the CBD seven kilometres away.

Colliers International residential director Ian Bennett says it’s a rare opportunity to own  a piece of the area’s industrial history.

“It’s a one-off,” Bennett says. “Once they’re sold, there aren’t too many more flour mills around.”

The first two stages were launched in late 2014 to a strong reception from buyers, mostly inner-west locals when 127 were sold. Nearly 90 per cent of the residences in the initial release sold on the first day.

The display suite for the next stage, the Malthouse, opens this weekend. The Malthouse is a free-standing, nine-storey building of 98 apartments.

Hassell is the architecture firm behind The Flour Mill.  When complete the development will house 360 apartments, as well as commercial spaces.

Bennett says the project has been popular with first  home buyers, young families and young executives. “We haven’t had as many downsizers or overseas buyers as we have seen in recent developments in some neighbouring suburbs.”

In the final release, also expected this year, buyers will be offered an opportunity to purchase the largest of the apartments in the circular towers of the original wheat silos.

The Flour Mill of Summer Hill

2-32 Smith Street, Summer Hill
One beds, 55 square metres, $710,000 to $735,000; two beds, 71-90 square metres, $840,000 to $1.11 million; three beds, 89-125 square metres, $1.12 million to $1,635,000
Strata levies from $727 a quarter
Due for completion late 2017
Agent Colliers International, 1800 181 078; flourmillsummerhill.com.au
See more at: domain.com.au/project/591

Or try these:

Spectra Liverpool

Spectra
52-54 Copeland Street, Liverpool

One beds, 50-52 square metres, $399,000 to $423,000; one beds with study, 64-66 square metres, $438,000 to $472,000; two beds, 70-74 square metres, $516,000 to $570,000; three beds, 89 square metres, $649,000
Strata levies from $460 a quarter
Due for completion late 2017
Agent CPM Realty, 9247 1299; cpmrealty.com.au
See more at: domain.com.au/project/1542

Liverpool is making a name for itself as one of south-west Sydney’s most liveable suburbs, with night markets, diverse dining options and recreational activities on the Georges River. Spectra is a new project from developer Australian Brothers Group with Design Workshop Australia architects. The nine-storey  building has 37 apartments, 35 of which are still for sale. The site is about 500 metres from Westfield Liverpool and one kilometre from Liverpool train station. Most of the residences face north, and the upper-level apartments enjoy sweeping views across the greater Liverpool area. A display suite at 52 Scott Street, Liverpool, is open Saturday and Sunday from 2pm to 4pm.

Serenity Apartments
27-37 Percy Street, Bankstown

Two beds, 70-75 square metres, $567,850 to $610,625; three beds, 90 square metres, $685,000 to $697,000
Strata levies from $850 a quarter
Due for completion December 2017
Agent JLL Residential Project Marketing, 1800 824 011; serenityapartments.com.au
See more at: domain.com.au/project/1562

How’s the Serenity? For Buildview Corp, it must be pretty good, because the developer has just launched its third residential development under the Serenity name, this time in Bankstown. There are 60 apartments in total, across two five-storey towers designed by CDArchitects. Half the apartments were offered for sale in this initial release and early this week there were 24 still available. Residences have quartz benchtops, island breakfast bars and secure basement parking. Nearby bus stops offer services to Hurstville, Parramatta, Miranda and Burwood. Bankstown station is one kilometre away. A display suite at Shop 2/433 Chapel Road, Bankstown, is open Saturday and Sunday, from 11am to 1pm, or by appointment.