2/3 Fifth StreetNichols Point VIC 3501
Property Details for 2/3 Fifth St, Nichols Point
Last Listing description (October 2025)
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:
* 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.
Property History for 2/3 Fifth St, Nichols Point, VIC 3501
- 03 Oct 2025Sold
- 18 Jul 2025Listed for Sale $1,325,000 - $1,457,500
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About Nichols Point 3501
The size of Nichols Point is approximately 23.7 square kilometres. It has 4 parks covering nearly 57.2% of total area. The population of Nichols Point in 2016 was 1551 people. By 2021 the population was 1723 showing a population growth of 11.1% in the area during that time. The predominant age group in Nichols Point is 10-19 years. Households in Nichols Point are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nichols Point work in a professional occupation.In 2021, 85.50% of the homes in Nichols Point were owner-occupied compared with 84.70% in 2016.
Nichols Point has 910 properties. Over the last 5 years, Houses in Nichols Point have seen a 60.75% increase in median value. As at 30 November 2025:
- The median value for Houses in Nichols Point is $812,403 while the median value for Units is $397,815.
- Houses have a median rent of $330.
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