High-End Accommodation Opportunity with Significant Upside

Description

CBRE in conjunction with Harcourts Adelaide Hills is pleased to offer to market 29 Mill Terrace, Middleton for sale via our District 2 Expressions of Interest. One of the most iconic properties in the Fleurieu Peninsula region, an unrepeatable opportunity is on offer to expand the luxury accommodation offering or undertake other high-end development outcomes in South Australia’s premier coastal regions.

The asset has the following key highlights:

+ Existing luxury accommodation and residential asset with significant development and repositioning upside across a number of buildings
+ Expansive 6,571sqm* site across two titles, representing one of the largest main street landholdings in Middleton
+ 1,592 sqm* of improvements across Historic Middleton Mill, Pago Suites, Yoga Studio and other ancillary buildings
+ Pago Middleton: Luxury accommodation suites operating since 2021 with established customer base and ability to scale operations
+ Middleton Mill: over 1,200 sqm* of living space across four levels currently utilised as a residence with multiple commercial and hospitality outcomes on offer (STCC)
+ Expansive grounds with parking and lawned areas combined with frontages to both Goolwa Road and Mill Terrace
+ Future development options may include luxury accommodation, health & wellness retreat, events/wedding venues or other commercial or residential outcomes (STCC)
+ Fleurieu Peninsula: One of regional South Australia’s best performing tourism locations welcoming 727,000 overnight visitors annually (1)
+ Strong tourism economy with total expenditure of $519,000,000 on tourism-related activities in Fleurieu region (1)
+ Within walking distance to Middleton Point Beach as well as local businesses including IGA, Big Surf Australia, Pipi Middleton, Middleton Bakery and Middleton Tavern
+ Easily accessible to surrounding towns in Port Elliot, Goolwa and Victor Harbor forming part of the greater Fleurieu South Coast region
+ Zoned Township Activity Centre in Alexandrina Council

For Sale via Expression of Interest closing
4:00pm ACST on Thursday 4th June 2026

(1) Fleurieu Peninsula Regional Profile – Tourism SA

*Approximately
RLA208125

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Contact agents
Oliver Grivell Senior Negotiator
0478 069 579
Ned Looker Director
+61 448 689 573
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Middleton, SA

29 Mill Terrace

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