Lots 2 & 3 Fifth Street Nichols Point VIC 3501

Positioned in the highly sought-after Nichols Point area, this exceptional 10.15 hectare (approx. 25 acre) vineyard offers a rare blend of immediate income and long-term development potential.
Set on the prominent corner of Fifth Street and Karadoc Avenue, the property boasts dual street frontage and is planted to quality Chardonnay, Cabernet Sauvignon and Shiraz wine grape varieties. The vineyard is fully irrigated via a Nelson R10 low-level sprinkler system, powered by a 3-phase 22kW electric motor and pump assembly, complete with an auto backflush system and fertigation tank.

Infrastructure includes:
* Four-bay implement shed
* Dedicated pump shed housing irrigation, filtration, and fertigation systems

Development potential abounds, with two approved planning permits for dwellings, one on each of the two titles fronting Karadoc Avenue. Notably, the property falls within the Mildura Rural City Council's Mildura East Growth Area and is designated for future residential development, making it an attractive proposition for developers, investors and horticulturists alike.

Whether you're looking to land bank, develop in the future, whilst continuing the vineyard's operations, this property offers strong appeal on every front.

🔑 Income now. Development tomorrow. Don't miss this standout opportunity in Nichols Point.