Morning Star estate would suit aged care buyer

A 63-hectare estate in Victoria’s Mornington Peninsula that was once restricted in use to aged care, education, religious or primary production has gone on the market.

Morning Star Estate in Mt Eliza is reportedly on sale for the second time in 30 years after the private owner, Judy Barrett listed it last week, as reported in Bayside News.

The Sunnyside Rd property comes with a mansion built in 1867, restaurant, cellar door, wedding, function and conference facilities and a 20-room hotel.

As well as having development plans in place for a 72-room hotel, it has gardens featuring about 75,000 rose bushes, a 12ha vineyard of pinot, chardonnay and cabernet grapes, orchard, olive grove and grazing paddocks.

Sunnyside is being offered through an expression-of-interest campaign in the $30 million-plus range and features 200 metres of beachfront.

Adjacent property Moondah Estate was sold by the University of Melbourne to retirement living provider Ryman Healthcare for $37 million in September 2016.

The 42-room mansion and outbuildings was formerly known as the Australian Administrative Staff College. It has a gatehouse, servants’ quarters, conference, training, meeting and office spaces and four dining areas.

On the property is a vineyard and 95-bed student accommodation wing.

CBRE’s expressions of interest campaign is expected to draw interest locally and internationally.

“It is incredibly rare for properties of this scale to be presented to the market and we anticipate the sale will attract an unprecedented level of international and domestic interest,” CBRE national director Mark Wizel said.

“It’s hard to pinpoint who the likely buyer of this property could be given its broad ranging potential.

“However, what we do know for certain is the very positive impact of the government investment into delivering Peninsula Link and how this freeway has efficiently connected the peninsula with the city.”


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