The Mill trades for $60m

The Mill has sold for about $60 million.

The Feros family has sold a land rich pub in the western Sydney industrial pocket of Milperra.

The Mill, at 189 Beaconsfield Street, with significant frontage to the South Western Motorway, fetched about $60 million following an off-market campaign.

JDA recently purchased the Mountbatten Hotel leasehold.

Marlow Hotel Group, led by Jason Marlow, is the buyer.

HTL Property’s Dan Dragicevich and Andrew Jolliffe were the agents.

One door closes

The Mill includes a restaurant, bar, and gaming room with 26 electronic gambling machines.

On 9527 square metres, there is also three-star guest accommodation, a children’s playground and drive through bottle shop.

Since acquiring it in 2005, the Feros siblings – John, Dean and Alexandra Henderson, via JDA Hotels – renovated and doubled the lettable hotel area.

The freehold going concern was offered returning annual income of c$14.5m.

It also followed an 24 month spending spree which saw JDA snap up the General Gordon Hotel, at Sydenham (it previously held a 50 per cent stake), the Mountbatten Hotel leasehold, in Haymarket and Wagga Wagga’s Red Steer Hotel Motel.

Outside of New South Wales, in partnership with Nick Kalaf, the group also acquired the One50 Tavern, at Bundall, south west Surfers Paradise, for c$12m (story continues below).

“We’ve been quite acquisitive in Chinatown recently, and have also undertaken some large scale renovations throughout our…portfolio,” John Feros said.

“And whilst The Mill is quite sentimental to us, we made the collective decision that the time was eight to pass the baton, and in doing so are thrilled that Jason and Peta Marlow will now steer the venue moving forward,” he added.

…and another one opens

With The Mill, Marlow now owns or operates 11 venues.

One of the latest – Casula’s Crossroads Hotel, south of Liverpool – cost it $160m in April, a national record pub price, from former Sydney lord mayor Nelson Meers.

The group also, last year, secured the historic Camden Hotel, 25 kilometres south west of Casula, following a speculated $12m outlay.

Elsewhere in Sydney’s west, Marlow’s portfolio includes the Peachtree Hotel, at Penrith, the Royal Hotel, in Carlton and Kings Park’s Kings Park Tavern.

Near Sydney Airport, it controls Kogarah’s Bank Tavern.

It also owns Surry Hills’ Crown Hotel.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of