One of Victoria’s most iconic wedding venues is on the market with a price guide of $6 million to $8 million, as its long-time owners look to retire in style.
The award-winning Yarra Valley Estate, north-east of Melbourne’s CBD, has been made available via an expressions-of-interest campaign, with a host of different buyers and investors thought to be eyeing up the retreat.
Spanning a mind-boggling 118 acres, the vast estate is made up of 48 guest rooms across two- and three-bedroom cottages and is a fully equipped sustainable function venue used for holding weddings, corporate and other events in the past.
CBRE Hotels Senior Director Scott Callow is managing the sales campaign of the landmark offering and says the rare opportunity to own one of the region’s best properties is an opportunity not to be missed.
“Yarra Valley Estate offers a substantial landholding of 48.156 hectares, which is a major attraction for buyers wanting to secure a slice of the tightly held Yarra Valley Region,” he explains.
The property also features various conference and meeting spaces as well as a private air strip, a hangar and even an acre of edible forest, home to a range of rare plants, all neighbouring some of Victoria’s finest rural properties and wineries.
“The popularity of the Yarra Valley, along with its range of attractions and proximity to Melbourne’s CBD, makes it the ideal location for functions and events and will help underpin buyer interest as will the property’s multiple income streams,” Scott says.
The Yarra Valley Estate has won several accolades for its sustainability-focused facilities, including the United Nations Association of Australia Environment Day Award, two consecutive wins in the Premier’s Sustainability Awards and the RACV Tourism Award for Excellence in Sustainable Tourism.