Berrambool homestead in Wickliffe is on the market for the first time since 1975.
Built in 1864 by the Moffatt family of Chatsworth, the Victorian style house is designed with Elizabethan and Gothic style features.
Listing agent Leeson White of Charles Stewart Real Estate said the property was a "restoration delight".
"There is going to be a significant amount of investment to bring it back to its original state," he said.
"We are getting a huge amount of interest from people not only in Victoria but also interstate and overseas ... I just spoke to a girl from the Middle East.
"There are people who purely might want to restore it and sell it again. Some people might want to use it as a holiday house ... or make an income off it and use it for homestays and weddings.
"It is a considerable amount of work but these opportunities don't come along every day, it's quite a unique opportunity."
The property features high ceilings, deep cornices, wide architraves and skirting boards, pine flooring, stain glass, sash windows and fireplaces.
The exterior includes unique architectural features comprising bluestone masonry, castellated parapets, finials, keystones and exceptional stone chimneys.
A long and wide arched hallway leads to the original and grand drawing room, library, dining room, office and morning room. The kitchen is large and spacious with a bluestone fireplace and large windows.
The domestic quarters of the house contain a butler's pantry, estate office, conservatory, toilets and huge laundry room. In the south wing are a further four bedrooms, bathroom and a spare room.
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The property includes one of the most impressive bluestone stables in the Western District.
Built in 1864, the Gothic style building consists of a coach house, stables, grooms room, tack room and a men's quarters with a cookhouse, dining room, attic bedroom and bathroom.
In addition, there is also an opportunity to purchase the Berrambool Shearing and Woolshed. Built in 1868 and extended in 1890, the large bluestone building, situated on 13.94ha, is a perfect restoration project.
The property is within an hour's drive of the Grampians National Park, gardens, galleries, cafes and restaurants, award-winning wineries, distilleries and artisan produce.
The township of Hamilton is just 70kms away, Dunkeld 40 kms, Wickliffe 10 kms, Warrnambool 80kms. Melbourne CBD and Melbourne Tullamarine Airport are 240kms.
Expressions of interest close Friday, November 27 at 1.00pm.
Click here for a virtual tour.
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