63 hectare Morning Star Estate listed for sale

The 63 hectare Morning Start Estate landholding on Victoria's Mornington Peninsula is up for sale for the second time in almost 30 years.

The property features a mansion built in 1867, restaurant, cellar door, wedding, function and conference facilities and a 20-room hotel with development plans for a 72-room hotel.

The gardens feature around 75,000 rose bushes, a 12ha vineyard of pinot, chardonnay and cabernet grapes, an orchard, olive grove and grazing pastures.

Mark Wizel, national director, CBRE  said it is incredibly rare for properties of this scale to be presented to the market.

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

“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."

Morning Star Estate is being offered for sale through an expression of interest campaign with expectations above $30 million.