Yarra Valley’s heritage hotel and gardens up for sale
Historic Chateau Yering, built on Victoria’s oldest vineyard, is back on the market five years after Chinese millionaire William Wei snapped it up for $14 million.
But Wei is not the vendor this time around. According to the Chateau Yering website and the corporate register, ownership was transferred to local architect Max Zhang in 2018.
The 32-room luxury chateau is on 101 hectares of land next door to the award winning Yering Station winery.Credit:
The 32-room luxury chateau is on 101 hectares of land next door to the award-winning Yering Station winery. It’s expected to sell for between $18-$20 million.
HTL Property agents Andrew Jolliffe, Andrew Jackson and Burgess Rawson’s Zomart He are handling the international expressions of interest.
The chateau was originally built in 1854 for the de Castella family, who ran the 19th century vineyard. The gardens were designed and planted by Baron Ferdinand von Mueller who laid out the Royal Botanic Gardens in South Yarra and several other regional Victorian public gardens.
In 1996, the chateau was turned into a luxury hotel, wedding venue and conference centre by Len and Elly Milner and the Yering Station vineyard was sold to the Rathbone family.
Oviss portfolio
The next tranche of the seemingly never-ending Harry Oviss portfolio is set for auction with 16 properties expected to sell for around $23 million.
Oviss, who died in January 2021 aged 97, amassed a large number of shops in his near 80-year investment career, which started with his own knitwear outlet in the Block Arcade as a teenager.
Previous auctions have already yielded about $40 million in sales and an art auction last October disposed of Oviss’ large modern art and furniture collection.
Oviss, who died in January 2021 aged 97, amassed a large number of shops.Credit:
Fitzroys agents Mark Talbot, Tom Fisher and Chris Kombi are handling the auction at Leonda by the Yarra on June 23.
On the block are freehold shops on the established strips of Swan Street, Richmond, Koornang Road, Carnegie and Hampton Street, Hampton.
Terra Madre
Inner north organic wares emporium Terra Madre broke out of its historic rabbit warren in Northcote’s Westgarth Village last year to establish a new large airy showroom in Brunswick.
Records show the Brunswick building’s vendors, Sam McGinley and Ryan O’Connor, also own the Terra Madre business, which is both a wholesaler and retailer of organic fresh food and wares.
Established in the 1990s as Fruit Peddlers by McGinley’s mother Cath McGinley, the enterprise underwent a name change and two expansions at the original High Street premises.
The supermarket at 775-781 Sydney Road is four times the size of the Northcote original on a 1538 square metre site, with car parking.
It has a new 10-year lease with two five-year options, returning $300,000 a year.
CBRE agents Alex Brierley, Nathan Mufale and Jing Jun Heng are handling expressions of interest.
Corner site
A 900 sq m site on the corner of Gore and Leicester Street is for sale for the first time since 1985.
Records show the current vendor, Watermelon, bought the property directly from the British United Shoe Machinery Company for $340,000.
Shoemaking and textiles were the stalwarts of the inner north’s industrial heartland right up to industry deregulation in the 1980s-1990s.
The 780 sq m warehouse at 450 Gore Street has been more recently occupied by photographic processing and supplies company Vanbar Imaging which is keen to stay put. The photo shop pays $10,217 a month in rent.
Fitzroys’ Chris Kombi and Chris James are running the expressions of interest campaign. The site is within the Fitzroy East and Johnston Street North planning precinct and zoned mixed use. It’s expected to sell for more than $8 million.
It’s another chunk of old Fitzroy falling to developers. Other major transactions include Piccolo’s acquisition of an Australia Post distribution centre at 371-385 Gore Street for $14.27 million; and Beulah’s purchase of 430-434 George Street for $12.2 million.
Closer to Johnston Street, the McCoppins site recently sold for $18.5 million and the Streamline Press site is expected to fetch in the low $20 million range.
Grimleys move
Recent movements in Collingwood also reveal the fast-changing landscape of the northern city-fringe.
Construction industry supplier Grimleys, is vacating its Collingwood warehouse for the Fairfield industrial precinct.
The 30-year-old business, which supplies fasteners, anchoring systems, adhesives, tools and safety products to builders, is shifting to a 1690 sq m warehouse at 161 Perry Street on the corner of Chingford Street.
Gray Johnson agent Rory White said Grimleys is moving out of the inner north to be closer to clients.
“They’re moving to be closer to their building and construction industry clients who have also moved out further,” White said.
The move off Grange Road also puts them closer to the Eastern Freeway, White said.
Grimleys has taken a five-year lease on the building – recently vacated by menswear manufacturer Gazman – at more than $220,000 a year.
Records show the Collingwood premises at 121 Sackville Street were purchased by Grimleys owner Brett Grimley in 2005 for $1.1 million.
It’s located between Gold and Hoddle Streets in a strip earmarked for redevelopment down the track. Closer to Smith Street, a 1556 sq m parcel of land at 30-44 Sackville Street recently fetched $17 million.
White says they will look for a new tenant for the building.
Mate’s place
A historic Albury building, where the newly formed Liberal Party held its second foundational conference in 1944, is up for sale.
The Mates Centre at 569 Dean Street is back on the market.Credit:
The Mates Centre at 569 Dean Street is back on the market after more than 10 years in the hands of Crowe Horwath Property Securities.
Crowe Horwath bought the property in 2011 for around $13 million. It’s expected to fetch more than $16.5 million this time around.
While the 106-year-old building bears the date 1850 on its historic facade, the records show TH Mate opened his first store elsewhere in Albury in 1850. He opened his first shop on the site in 1900 before building a new one in 1916.
The 9128 sq m retail centre is on a 4331 sq m site and leased to Lincraft, JB Hi-Fi, Cheap as Chips and TK Maxx. The property is 89 per cent leased and could return $1.46 million a year if that last chunk had a tenant.
Stonebridge Property Group agents Rorey James and Michael Collins, with LJ Colquhoun Dixon’s Andrew Dixon are running the expressions of interest campaign closing at the end of the month.
Mates is part of a portfolio of 16 properties that Stonebridge is marketing this month. Nine of the investments are going to auction in early July.
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