Radek Sali lists two acre Hawthorn holding

The Hawthorn property comes with plans for a dramatic building.

Former Swisse Wellness chief executive officer and co-owner, Radek Sali, is selling one of Melbourne’s two inner city vineyards – at Hawthorn – after deciding against building a family home there.

The proposed Coppin Grove building, around an internal courtyard.

The 8174 square metre holding, 32 Coppin Grove, in the suburb’s prestigious St James Estate, is expected to trade for over $15 million.

The businessman paid $11m in November, 2017.

Ahmed Fahour sold Invergowrie at 21 Coppin Grove last June.

Those sellers, Michael and Ann Cohn, planted the vineyard and in 1998 commercialised it via the brand Coppin Grove Wines.

They also constructed a double storey dwelling Mr Sali razed with plans for a grander one.

Marshall White’s Richard Mackinnon, Marcus Chiminello and Andrew Gibbons have the listing.

The property is near the historic Invergowrie, which ex-National Australia Bank boss Ahmed Fahour sold to Trajan Group founders Angela and Stephen Tomisich, last June.

At $40.5m, that is the suburb’s priciest deal to date.

Melbourne’s second inner city winery is the Studley Park Vineyard at 5 Garden Terrace, off Young Street, in Kew, which like 32 Coppin Gve, is on the Yarra River banks.

Mr Sali is reported to have pocketed about $400m when Swisse sold five years ago to Biostime for $1.7 billion (story continues below).

The 8174 square metre Hawthorn site backs onto the Yarra River.

Change of plan

Mr Sali is selling the Hawthorn property after moving permanently to a 24.3 hectare estate, River Hawk Ranch, at Brunswick Heads, north of Byron Bay, which cost $18.5m last November.

It comes with plans for a contemporary building with a dramatic concrete façade and internal garden.

L-shaped, it would offer views over the grounds, the majority of which has been planted with grape trees, but which can also accommodate a tennis court, pool and substantial outdoor entertainment zone.

The listing comes five months since the businessman banked c$23.5m from a semi-rural asset at Flinders, on the Mornington Peninsula.

Mr Sali outlaid $9.001m for that estate in 2015 then renovated.

Last year the executive offloaded a modern home in South Yarra’s exclusive Domain precinct for $14.25m.

He paid restaurateurs Frank and Sharon Van Haandel $12.5m in mid-2016.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.