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Investment Highlights

  • Historic building constructed in 1921
  • Prominent 28-meter glass frontage
  • Three-level layout
  • Located in the Southern Highlands, a renowned cultural and lifestyle destination

Executive Summary

The Milk Factory, a historic property in the heart of Bowral’s vibrant Southern Highlands, presents a rare investment opportunity. Originally built in 1921 for dairy processing, this distinctive building has been transformed into a thriving art hub and gallery for the past 37 years. Spanning 867 square meters across three levels, the property features original architectural elements including exposed trusses, timber floors, and glimpses of its concrete foundations, blending heritage character with functional adaptability.
The property offers multiple income streams with defined spaces: a 180-square-meter retail area with 28 meters of glass frontage along Station Street, a café with a commercial kitchen and seating area, and a main gallery incorporating a mezzanine and lower ground level. Natural light floods the interiors through numerous windows, while professional lighting enhances the inner studios.
Positioned near Bowral’s bustling Bong Bong Street and within a high-visibility corridor, the property benefits from strong foot traffic and proximity to local amenities. With an annual return of approximately 5% and on-street parking available, this asset is well-suited for investors seeking a unique property with cultural significance and long-term potential in one of NSW’s most desirable regional markets.

Property Facts

Price $2,889,474
Price Per SF $375.97
Sale Type Investment
Property Type Flex
Property Subtype Showroom
Building Class C
Lot Size 0.36 AC
Rentable Building Area 7,685 SF
No. Stories 2
Year Built 1921

Amenities

  • Mezzanine
  • Restaurant
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Ground-Ste B
  • 1,830 SF
  • Retail
  • Full Build-Out
  • 30 Days

The available space comprises approximately 170 sqm of internal area, complemented by two outdoor dining sections totaling around 60 sqm. It features a fully equipped commercial kitchen, enabling immediate commencement of operations for a hospitality business. The layout is designed to accommodate both indoor and alfresco dining, offering flexibility for a variety of food and beverage concepts. Abundant natural light enhances the interior, creating a bright and welcoming atmosphere for patrons. Located within the historic Milk Factory, the property enjoys a prominent position in Bowral’s main retail and dining precinct. The surrounding area includes boutique retailers, art galleries, and other dining establishments, ensuring steady foot traffic from both local residents and visitors year-round.

Space Size Space Use Build-Out Available
Ground-Ste B 1,830 SF Retail Full Build-Out 30 Days

Ground-Ste B

Size
1,830 SF
Space Use
Retail
Build-Out
Full Build-Out
Available
30 Days

Ground-Ste B

Size 1,830 SF
Space Use Retail
Build-Out Full Build-Out
Available 30 Days

The available space comprises approximately 170 sqm of internal area, complemented by two outdoor dining sections totaling around 60 sqm. It features a fully equipped commercial kitchen, enabling immediate commencement of operations for a hospitality business. The layout is designed to accommodate both indoor and alfresco dining, offering flexibility for a variety of food and beverage concepts. Abundant natural light enhances the interior, creating a bright and welcoming atmosphere for patrons. Located within the historic Milk Factory, the property enjoys a prominent position in Bowral’s main retail and dining precinct. The surrounding area includes boutique retailers, art galleries, and other dining establishments, ensuring steady foot traffic from both local residents and visitors year-round.

  • Listing ID: 39680491

  • Date on Market: 3/5/2026

  • Last Updated:

  • Address: 33 Station St, Bowral, NSW 2576

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