Blackwall director and British baron Robin Tedder and his wife Rita have put their well-known Hunter Valley vineyard estate, Glenguin, up for sale after 27 years of ownership.
Set on just over 28 hectares, the estate at 997 Milbrodale Road in Broke is renowned for producing handcrafted trophy-winning wines.
It includes a grand architecturally designed homestead with three distinct, adjoining pavilions, an all-weather tennis court and a swimming pool.
Mr Tedder is a veteran fund manager who founded Hatmax Capital Markets in the early 1980s and Vintage Capital in 1995.
He has been a director of ASX-listed property fund manager Blackwall Limited since 1999 and is also a major shareholder.
He and his wife established Glenguin in 1993. In 1997, Mr Tedder became the seventh Australian to be given the title of master winemaker by the London-based Institute of Masters of Wine.
The estate is named after Mr Tedder’s British noble title – the third Baron of Glenguin. He is the grandson of Arthur Tedder, the First Baron Marshal of the Royal Air Force, who was deputy supreme commander of the Allied Forces in World War II. His late father, the second Baron of Glenguin, was Lord Tedder, a distinguished professor of chemistry,
Veteran Hunter Valley agent Alan Jurd is handling the sale of Glenguin. It has a $3.5 million asking price excluding wine stock.
Mr Jurd, who has sold most of the Hunter Valley’s best vineyards and estates, said the market had picked up of late,
“We’ve done a sale a day for the last 40 days. Not big-end stuff, but we’re getting good inquiry levels,” he told The Australian Financial Review.
“The market isn’t booming – prices are off around 5 to 8 per cent except if it’s something people really want – but I didn’t expect any activity.”
Mr Jurd said some of the buying activity was being driven by Sydney buyers seeking a bolthole to escape to while international travel remains unlikely over the next few years.
Joining the trophy listings in regional NSW, Malcolm and Raylee Williams have put their 875-hectare Neringah cattle and sheep estate at Boorowa, east of Young, on the market for the first time in 20 years.
Mr Williams, whose made his money bringing the first Portaloos to Australia in the 1970s, created Neringah when he bought three properties in the NSW southern slopes in 2000 and merged them.
The offering, which includes a Georgian-style homestead, will go to auction on June 12. Ray White Rural NSW state manager Chris Malone was unable to quote an asking price.
The colonial homestead was built as a nod to the English pastoralists who travelled west and created a booming agricultural industry in the state’s Southern Tablelands,
Keep up with Commercial Real Estate news.