YARRA VALLEY, AUSTRALIA / AGILITYPR.NEWS / August 14, 2026 / Riverlea Estate, a 14-acre freehold in Victoria's Yarra Valley, is being marketed to buyers across Australia, the US and Asia-Pacific as offshore appetite for Australian lifestyle and hospitality assets continues to build

A 14-acre freehold estate in Victoria's Yarra Valley that already operates as a working vineyard, wedding venue, up-market restaurant, cellar door and distillery has come to market with something few hospitality assets in the region can offer: council approval, plans and prepared infrastructure already in place to build a 40-room hotel on site.

Riverlea Estate is being offered for sale by Chris O'Farrell of eXp Realty Victoria, on a walk-in, walk-out basis that allows a buyer to continue running the established business from settlement. The campaign is targeting buyers in Australia and the United States alongside investors across the Asia-Pacific region, including China, Singapore, Malaysia and Indonesia — markets that have consistently ranked among the largest sources of offshore capital into Australian property in recent years.

“Riverlea Estate is a truly unique offering because it goes well beyond being a beautiful property. It brings together hospitality, dining, wine and events in one destination, with a turnkey business already in place and the added benefit of an approved permit for a 40-room hotel. For a buyer, that creates an exciting opportunity to acquire an established operation while also having significant potential to expand the estate’s accommodation offering and take the business to its next level.”

— Chris O’Farrell, eXp Realty

A Decade and a Half in the Making

Brothers Karl and Greg Bell bought the property in 2009 and spent more than a decade designing and building every element of what stands today, completing the final stages in 2020. What began as a vineyard has grown into one of the region's most complete hospitality operations — a status reflected in a Quantity Surveyor's report commissioned in 2024, which put the cost of replacing the estate from scratch at approximately $30 million.

What's on the Property

The estate operates as a single integrated business rather than a collection of separate ventures. It includes a wedding and events function centre with five distinct ceremony locations, an up-market restaurant seating up to 150 guests, a cellar door, La Strada Café, an on-site distillery, parking for up to 240 vehicles, and a liquor licence covering the entire property. It currently hosts regular weddings, conferences and private functions, drawing on its position in one of Victoria's busiest visitor regions.

A Region Built on Tourism

The Yarra Valley and Dandenong Ranges draw more than 5.6 million visitors a year between them, generating upwards of $1.09 billion in visitor spending, and the area has become one of the more actively traded hospitality and wine tourism markets in the state — a handful of other Yarra Valley estates and hotels have changed hands or come to market over the past two years. Riverlea's scale and the fact that its expansion approvals are already secured set it apart from most of that activity.

Room to Grow

Around 8 acres of the property are currently under vine, with scope to expand both plantings and winery output. Beyond the vineyard, the estate carries an approved council permit for a 40-room hotel, complete with finished hotel plans and power, water and sewer connections already run to the site, plus a separate approved permit for a manager's residence. For a buyer, that removes much of the planning risk usually attached to hospitality expansion in a heritage tourism precinct.

“An asset of this calibre deserves a marketing strategy that matches its potential, and that’s where eXp’s global network is a significant advantage. Rather than marketing a single Victorian asset solely to the local market, we can leverage our international network to put the opportunity directly in front of buyers and investors across the United States, China, Singapore, Malaysia and Indonesia simultaneously. That combination of local expertise and global reach allows us to connect Riverlea Estate with a much broader pool of qualified international interest and gives the property the exposure it deserves on the world stage.”

— Mindy Powell-Hodges, Country Leader, Australia, eXp Realty

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How to Enquire

Riverlea Estate is offered for sale freehold, walk-in walk-out. For further information, contact Chris O'Farrell at eXp Realty Victoria on +61 413 103 939.