THE fate of one of Ipswich's most well-known buildings will be decided this week.
The historic Old Flour Mill is going up for auction on Thursday and iThink Property real estate agent Ben Walker is hoping it will be snapped up this time.
Thursday's auction will be the second for the Old Flour Mill on Brisbane St in the past six months.
The property went under the hammer in August, but was passed in at $950,000.
That bid was put forward by accountant Martin Sammut, the developer of 'big white' - a restored building which now houses his offices.
Mr Walker is hoping Mr Sammut will be back for round two saying the historic building would be the 'jewel in his Top of Town crown'.
Mr Walker was tight lipped on the minimum price he'd accept, however, says the owner is keen to sell up.
"The seller needs it sold and it's our job to get as much as possible for them on the night," Mr Walker said.
"The historic significance of the building has generated a tremendous amount of interest.
"The outstanding work of Mr Sammut and Mr Bulow across the road has really lifted the appeal of the Top of Town precinct and hopefully that can continue with whoever buys the Old Flour Mill."
The old mill, built in 1901 for the Ipswich Milling Company, has been heritage listed since 1992.
The auction will be held in the courtyard behind Heisenberg Haus, 164 Brisbane St on Thursday, February 16 at 6pm.
Anyone interested in bidding can register on the night.