{"id":44569,"date":"2023-09-09T10:33:40","date_gmt":"2023-09-08T22:33:40","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=44569"},"modified":"2023-09-09T10:34:55","modified_gmt":"2023-09-08T22:34:55","slug":"the-previous-residence-of-melbourne-cup-aristocracy-is-now-available-for-sale","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/the-previous-residence-of-melbourne-cup-aristocracy-is-now-available-for-sale\/","title":{"rendered":"The previous residence of Melbourne Cup aristocracy is now available for sale"},"content":{"rendered":"<p><strong>PHOTO: The St Andrews Beach Brewery. HUNTING FOR GEORGE<\/strong><\/p>\n<p>Formerly inhabited by horse racing legends such as Makybe Diva and Mummify, the St Andrews Beach Brewery, situated on <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Melbourne&amp;submit=Search\">Melbourne<\/a>&#8216;s Mornington Peninsula, is now on the market.<\/p>\n<p>Under the leadership of developer Andrew Purchase and with notable shareholders including Australian cricketer David Warner and Sydney jockey Tommy Berry, this expansive 92-acre property, encompassing a venue, brewery, and a sizable orchard, is poised to attract a diverse array of potential buyers. While the price remains undisclosed, given the substantial acreage and revenue generated from hospitality, an estimated value of around $20 million is anticipated.<\/p>\n<div class=\"_1lwW_\" tabindex=\"0\" role=\"button\" aria-label=\"enlarge image\"><picture class=\"\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.138%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/49526eae1f90d8dea249d10e5d9dd548d3bd645a\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.138%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/49526eae1f90d8dea249d10e5d9dd548d3bd645a, https:\/\/static.ffx.io\/images\/$zoom_0.138%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/49526eae1f90d8dea249d10e5d9dd548d3bd645a 2x\" alt=\"The 92-acre site includes a venue, brewery and large-scale orchard.\" width=\"584\" height=\"390\" \/><\/picture><\/div>\n<p><em><strong><span class=\"_2Li3P\">The 92-acre site includes a venue, brewery and large-scale orchard.<\/span><\/strong><\/em><\/p>\n<p>In the mid-2000s, the estate was under the ownership of the renowned Freedman horse racing family, accommodating up to 80 thoroughbred horses alongside its grassed racetrack before changing hands in 2015.<\/p>\n<p>During the Freedmans&#8217; tenure, the stables housed an impressive roster of 100 group-one winners, including multiple champions like Makybe Diva, Mummify, and Alinghi, who claimed victory in prestigious races such as the Melbourne Cup, Caulfield Cup, Cox Plate, and Golden Slipper.<\/p>\n<p>Purchase acquired the property and transformed the stables into a venue capable of hosting around 180 guests. Additionally, he repurposed the 1200-meter racetrack into an orchard producing a variety of ciders for the on-site brewery.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"myIIgSrvOA\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/melbournes-flashiest-real-estate-agent-has-set-up-shop-on-the-gold-coast-watch\/\">MELBOURNE\u2019S flashiest real estate agent has set up shop on the Gold Coast | WATCH<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cMELBOURNE\u2019S flashiest real estate agent has set up shop on the Gold Coast | WATCH\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/melbournes-flashiest-real-estate-agent-has-set-up-shop-on-the-gold-coast-watch\/embed\/#?secret=jinWrKKGCZ#?secret=myIIgSrvOA\" data-secret=\"myIIgSrvOA\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>Situated approximately an hour&#8217;s drive from Melbourne&#8217;s CBD, the property enjoys proximity to attractions such as the Moonah Links Golf Course, Gunnamatta Surf Beach, and Peninsula Hot Springs.<\/p>\n<p>JLL Hotels &amp; Hospitality, represented by Will Connolly, Peter Harper, and Lachlan Persley, is advising on the freehold sale, which also presents substantial coastal land-banking opportunities. Connolly notes that interest has been expressed by a diverse range of potential buyers, from high-net-worth individuals and private syndicates to national hospitality operators and beverage brands interested in expanding the brewery&#8217;s product lines, including the Barrel Aged Beer range.<\/p>\n<p>The property additionally includes 100 megaliters of annual groundwater rights and features a substantial solar panel farm.<\/p>\n<p>Meanwhile, the former ASX-listed Redcape hotel group, now operating under the MA Financial banner, has recently completed the sale of two additional pubs, with a combined value of approximately $45 million, as part of their ongoing strategy to divest non-core assets.<\/p>\n<p>SOURCE: <a href=\"https:\/\/www.smh.com.au\/business\/companies\/the-former-home-of-melbourne-cup-royalty-is-on-the-market-20230907-p5e2qy.html\">SMH<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The St Andrews Beach Brewery. HUNTING FOR GEORGE Formerly<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/the-previous-residence-of-melbourne-cup-aristocracy-is-now-available-for-sale\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":44571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478127157,478127165,478098632,478127163,478099250,478127159,478127166,478127160,478127155,478127161,478127164,478127162,478127169,478127153,478102914,478127152,478101225,478127154,478127156,478108694,478127168,478127167,478127151,478127170,478127158],"class_list":["entry","author-data123nz","post-44569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-andrew-purchase","tag-barrel-aged-beer","tag-brewery","tag-coastal-property","tag-david-warner","tag-freedman-family","tag-groundwater-rights","tag-group-one-winners","tag-horse-racing","tag-hospitality-revenue","tag-jll-hotels-hospitality","tag-land-banking","tag-ma-financial","tag-makybe-diva","tag-melbourne-cbd","tag-melbourne-cup-legends","tag-mornington-peninsula","tag-mummify","tag-orchard","tag-property-sale","tag-redcape-hotel-group","tag-solar-panel-farm","tag-st-andrews-beach-brewery","tag-the-st-andrews-beach-brewery","tag-tommy-berry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The previous residence of Melbourne Cup aristocracy is now available for sale - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/the-previous-residence-of-melbourne-cup-aristocracy-is-now-available-for-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The previous residence of Melbourne Cup aristocracy is now available for sale - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: The St Andrews Beach Brewery. 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