Radek Sali lists two acre Hawthorn holding
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 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.
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).
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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