A global businessman has snapped up Mount Eliza’s famed Morning Star property, about three months after it hit the market for $40m.
The thriller man with “property pursuits around the globe” fought off competitors from throughout the globe to snare the “Downton Abbey … of Australia”, which has hosted movie shoots and rock live shows, promoting agent Michael Keating stated.
The Michael Keating Worldwide director stated he acquired “actually tons of” of inquiries from would-be consumers, together with expats and buyers based in the US, China, Hong Kong, Thailand, the UK, France and Australia.
Mr Keating couldn’t disclose 2 Sunnyside Road’s sale worth after signing confidentiality agreements. However the Herald Solar understands it was within the neighborhood of the eight-figure asking worth.
His lips had been additionally sealed when it got here to the client, besides to say he “is aware of first-class actual property when he sees it” and supposed to make the seaside gem “a property for his household sooner or later”.
“It’s doubtless the property will probably be very, very a lot liked, and rightly so,” Mr Keating stated.
“There’s nothing else prefer it in Australia. You’ve bought 157 acres (63ha) with seaside frontage, lower than an hour from a capital metropolis that’s quickly to be Australia’s largest. It’s a no brainer.”
Mr Keating stated it was too early to say whether or not the brand new proprietor would preserve the landmark working as a hospitality and occasions enterprise, as proprietor of greater than twenty years Judy Barrett had.
Extremely-wealthy Londoner Francis Gillett established the sprawling property within the 1860s as a “summer time palace” and the property hasn’t been subdivided since, making it one of many Mornington Peninsula’s largest particular person landholdings.
It contains an authentic five-bedroom mansion and a 12ha winery that apparently comprises grapes introduced over from France by Franciscan friars, who ran the property because the Morning Star Boys’ Dwelling within the Nineteen Thirties.
Ms Barrett turned the property right into a 20-room resort, a marriage venue, a restaurant, and a perform and convention facility, nestled amongst gardens comprising 75,000 rose bushes and a helipad.
She almost sold the package to a Chinese developer for $36.2m three years in the past. However that deal fell by means of, doubtless saving the piece of peninsula historical past from being bulldozed.
Morning Star additionally has popular culture credibility, having hosted INXS and Jimmy Barnes gigs, plus the primary ‘A Day on the Inexperienced’ pageant in 2001, and featured in movies Kath and Kimderella and Partisan.
Mr Keating stated the very fact the property spent most of its time in the marketplace throughout Melbourne’s strict COVID-19 lockdown didn’t hamper the deal, with the pandemic as an alternative boosting purchaser curiosity by “making Aussies abroad realise simply how fantastic a spot they’ve bought at residence”.
“Fortunately the properties we deal with (are) not ones you’d essentially want to come back and see,” he stated.
“ you’re shopping for the situation, you’re shopping for a first-class property.”