485 Ringwood/Warrandyte Road, Warrandyte, VIC 3113 | Commercial for sale | OnTheHouse
FOR SALE
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485 Ringwood/Warrandyte Road
Warrandyte VIC 3113

Bedrooms: -
Bathrooms: -
Car spaces: 210
Land area: 14ac
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Significant Yarra Valley Hospitality Holding with Approved 40 Room Hotel Expansion

O'Farrell Real Estate is pleased to present Riverlea Estate, a landmark hospitality and tourism holding positioned at the gateway to the Yarra Valley and Dandenong Ranges.
Occupying 5.94 hectares (14 acres)* within Victoria's established tourism corridor, the property combines an existing hospitality and events operation with approved plans and permits for a future 40 room hotel development.
The offering includes an established restaurant, cellar door, wedding and events infrastructure together with operational vineyard plantings, extensive parking and significant future expansion potential.
Key highlights include:
• Combined freehold hospitality asset and operating business offered on a walk in walk out basis
• 5.94 hectares (14 acres) including 8 acres of operational vineyard plantings*
• Rural Conservation Zone (RCZ)
• Approved plans and permits for future 40 room hotel development
• Plans for future manager/owner residence
• 3,722sqm* of existing hospitality and operational infrastructure
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Property Details for 485 Ringwood/Warrandyte Rd, Warrandyte

Building Type
Commercial
Land Size
14ac
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About Warrandyte 3113

The size of Warrandyte is approximately 17.6 square kilometres. There are 20 parks, covering nearly 27.2% of the total area. The population of Warrandyte in 2016 was 5502 people. By 2021 the population was 5541 showing a population growth of 0.7% in the area during that time. The predominant age group in Warrandyte is 50-59 years. Households in Warrandyte are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Warrandyte work in a professional occupation.In 2021, 91.00% of the homes in Warrandyte were owner-occupied compared with 90.30% in 2016.

Warrandyte has 2,284 properties. Over the last 5 years, Houses in Warrandyte have seen a 16.41% increase in median value, while Units have seen a 12.78% increase. As at 30 April 2026:

  • The median value for Houses in Warrandyte is $1,485,960 while the median value for Units is $858,439.
  • Houses have a median rent of $900.
There are currently 15 properties listed for sale, and 1 property listed for rent in Warrandyte on OnTheHouse. According to Cotality's data, 81 properties were sold in the past 12 months in Warrandyte.

Suburb Insights for Warrandyte 3113

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Chris O'Farrell
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.