Hunter Valley's Drayton family set to list IronBark Hill property for around $12m

HUNTER Valley winemaker Peter Drayton is set to list his Pokolbin estate IronBark Hill, with the property expected to fetch around $12 million.

IronBark Hill at 694 Hermitage Road, Pokolbin is being sold as a freehold opportunity with Jurds Real Estate listing agents Cain Beckett and Dan Jurd.

Positioned at 694 Hermitage Road, the property is being sold as a freehold opportunity with Jurds Real Estate listing agents Cain Beckett and Dan Jurd.

IronBark Hill is scheduled to hit the market next week.

The freehold sale of IronBark Hill is expected to fetch in the vicinity of $12 million, according to Jurds Real Estate listing agent Cain Becket..

"We expect it to sell in the vicinity of $12 million," Mr Beckett said.

The property, owned and operated by Hunter Valley winemaker Peter Drayton and his family, houses Peter Drayton Wines as well as the purpose-built IronBark Hill Brewhouse.

The property includes the IronBark Hill Brewhouse which opened in 2017.

Mr Drayton said they will continue to operate the on-site businesses.

"The various businesses will continue as usual at IronBark Hill and we will continue to be involved," Mr Drayton said.

"I'm just selling the freehold to free up capital for other opportunities."

The property also includes a restaurant, beer garden, functions centre, winery and cellar door.

The property's on-site facilities also include a restaurant, beer garden, functions centre, winery and cellar door, as well as a wedding chapel, a main residence and six accommodation villas.

The property also has a wedding chapel.

A fifth-generation descendant of the famed Hunter Valley winemaking Drayton family, Peter Drayton and his wife Leesa built the site as a destination venue in Pokolbin that offers food, beer and wine all at one location.

Led by their head brewer and son Andrew Drayton and his wife Hayley, the first IronBark Hill Brewing Co beers were brewed in a custom-built German brewing system in 2016.

The Brewhouse opened to the public the following year.

Ironbark Hill co-owner and brewer Hayley Drayton pictured at the Brewhouse last month. Picture by Simone De Peak.

Mr Beckett said he anticipates strong interest in the listing.

"It's a landmark property in wine country," he said.

"Also, being a tenanted asset sale rather than a business sale and showing returns of eight per cent or more, it's very broad in appeal.

"We aren't necessarily looking for someone interested in weddings, brewing or vines."

Mr Jurd added that they expect "bullish interest" from buyers both within Australia and internationally.

"The unqiue offering combines the two most dominant buyer profiles to include investors purely chasing return as well as those looking to secure one of the Hunter Valley's trophies," he said.