The Mittagong Maltings have brand new owners.
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Father and son development duo Roy and Anthony Medich have bought the abandoned building for a cool sum of $6.05 million dollars.
In a message to the Southern Highland News, Anthony Medich revealed that Medich Corporation had yet to formulate a long term plan for the building.
They are currently securing the site with fences and are cleaning the property before they move ahead with any plans and are conscious of the history surrounding the property.
The Medich Corporation spokesperson said the company doesn't have plans to turn the property in to a drinking establishment.
The building was last purchased by Barry Anstee for $590 thousand in 2009, a fraction of what he sold it for.