$3.5m+ Glenhope Vineyard listed in Victoria’s Macedon Ranges
What began as a search for a rural retreat away from the hustle and bustle of Melbourne became an ambitious project to revitalise Macedon Ranges’ biggest vineyard.
Now the Glenhope Vineyard property at 2115 Burke and Wills Track, Baynton – just under an hour’s drive from the CBD – has been listed for sale with a price guide of more than $3.5 million.
The vineyard was established in 1995 as a site for growing Bordeaux grape varieties. Then in 2021, Melbourne entrepreneurs James and Marlin Gevergizian stumbled across the property and decided to become the new owners.
They quickly became immersed in the wine industry and turned their attention to improving the vineyard’s productivity and sustainability. They also added a winery shed, a three-bay machinery shed, a workshop and a two-bedroom dwelling.
Award-winning vineyard production
Glenhope began releasing small batches of single-vineyard wine from the 2022 vintage. That chapter brought early recognition, including trophies for best red other than pinot noir and best winery at the 2023 Macedon Ranges Wine Exhibition, as well as recognition as a finalist in the 2023 Young Gun of Wine at the Vineyard of the Year Awards.
The property spans about 64.29 hectares, of which about 33.25 hectares are planted with pinot noir, chardonnay, shiraz, cabernet sauvignon and riesling. The vines are supported by established trellising and automated drip irrigation.
Cool-climate terroir characteristics
Sitting between about 450 and 485 metres above sea level, the vineyard has a gently sloping, predominantly east-facing aspect. Its soil profile ranges from granite and sandy loam to ironstone-rich volcanic loam.
The elevation and cool conditions support slow ripening and an extended growing season, while helping the fruit retain acidity and develop flavour.
The sale gives a new owner the opportunity to shape the property’s next chapter independently of the existing Glenhope wine business.
Colliers executive, transaction services/agribusiness Connor Dixon says the combination of an established vineyard, quality infrastructure and development potential are expected to appeal to a diverse field.
“Glenhope Vineyard is a truly unique offering, combining an established cold-climate vineyard, quality infrastructure and significant future potential in one of Victoria’s most tightly held wine regions,” Dixon says.
“We anticipate interest from a broad range of buyers including established vineyard and wine industry operators looking to expand their holdings, lifestyle investors seeking a premium rural asset within easy reach of Melbourne, and tourism-focused investors attracted to the property’s future development potential.”
Lifestyle and tourism permits
An approved permit allows for the construction of a five-bedroom homestead with a cellar and garage, giving an incoming owner scope to establish a substantial residence and live on the property.
Colliers national director, transaction services/agribusiness Duncan McCulloch says the approval adds a significant lifestyle dimension to the commercial vineyard holding.
“Glenhope Vineyard offers outstanding future development potential, with an approved planning permit allowing a new owner to create a premium residence and comfortably live on-site while enjoying the benefits of one of Victoria’s premier wine and tourism regions,” he says.
Along with the homestead, there is an approved permit in place for further hospitality infrastructure.
“The approved permit for a substantial homestead, together with conceptual plans for a winery, restaurant, cellar door and accommodation, creates a unique opportunity with significant future development potential,” Dixon adds.
Expressions of interest close at 4pm AEST on Friday, July 24.
