The Richmond Malt Ready For Mixed Use Redevelopment
Colliers will redefine a Melbourne icon with its sale of The Richmond Malt at 2-8 Gough Street, Richmond.
From an association with brewing since the 1850s to the promotion of the Nylex brand in the 1960s, the property has continued to command positive attention throughout the decades.
This significant site of approximately 11,340 square metres has multiple street frontages and is designated as the gateway to the Cremorne precinct.
The five anchor tenants are Barrett Burston, Loke Digital, Ooh Media, Foster’s Australia and Australian Facility Services.
The proximity to The Yarra River, Melbourne’s CBD, parklands, a world-famous sporting precinct and the lifestyle and amenity Richmond has to offer, is second to none. The location has selling agents highlighting the opportunity to convert the iconic building into a new precinct.
It holds great historical significance however redevelopment has been encouraged. The current zoning lends itself to a mixed use development and no height restrictions means the sky’s the limit. It will be an attractive buy for those looking to create a residential, office and retail project.
Rather than its architectural significance, Heritage Victoria’s primary focus is the site’s previous and current usage as storage of malting barley and the history of brewing of alcohol on-site.
The Richmond Malt is included in the Victorian Heritage Register and redevelopment should be respectful and recognise the story of the site’s history.
The Barrett Burston Maltings site was initially developed as a brewing and malting site in the 1850s-60s. By 1879, brewing had given way to malting, which continues on the site today.
The Nylex Clock sign is heritage listed individually, however the silos that it currently sits atop of, are not. So there is flexibility around the site.
The property is For Sale by Expressions of Interest and closes Friday December 5, 2014 at 2pm.
