170 Riverend Road
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About this property
TAG Real Estate Victoria presents a rare chance to secure a productive vineyard estate with established infrastructure and multiple income streamsjust minutes from Melbourne's southeast growth corridor and right opposite to Chelsea Heights General Residential Zoning. Set on approx. 41 fully fenced acres, the property features a 14-acre irrigated vineyard producing Tempranillo, Shiraz, Pinot, Cabernet Sauvignon, and Viognier. It also includes a 41m x 14m commercial-grade wine shed with 3-phase power, barrel room, winepress, cool room, storage tanks, lab, tea room, air-conditioned cellar, and toilet with septic treatment. The property comprises three dwellings in totaltwo are currently leased and generating steady rental income, while the third offers an excellent opportunity for redevelopment or a custom rebuild (STCA) to suit future needs. With rental income, commercial vineyard infrastructure, and a strategic location, this property offers the ideal land-banking opportunitysupported by income and suited for long-term hold and growth. Key Highlights: 14-acre vineyard with irrigation (dam, plus there is mains water available) Infrastructure suited for events, weddings, cellar door, farm shop, or agri-tourism (STCA) 41m x 14m wine shed with commercial production capabilities 2 homes with rental income potential Multiple water tanks, on-site dam, and office shed with toilet and water Strategically located with immediate access to Mornington Peninsula Freeway, Springvale Road, Eastlink, and Frankston-Dandenong Road Close to Cornish College, Lighthouse Christian College, and other leading schools Bordering Chelsea Heights GRZwell-positioned for long-term growth potential (STCA) Adjoins the well-known Jolong Park Equestrian Centre, presenting potential for partnership, equestrian activities, or expansion of commercial uses Why This Property? Whether you're looking to operate a venture, expand your business footprint, lease portions of the property, or generate multiple income streams, this estate offers a unique opportunity to capitalise on productive land, a prime location, and versatile infrastructure suited to a range of commercial or lifestyle applications. ENQUIRE TODAY to arrange your private inspection and discover the possibilities this once-in-a-generation estate has to offer. Contact TAG Real Estate Victoria today to arrange your private inspection: Avi Dhillon 0450 137 207 tagvictoria.com ________________________________________ DISCLAIMER: All stated dimensions are approximate. All information provided is for general informational purposes only and does not constitute any representation on behalf of the vendor or agent. Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Parking
- 6
- Land Area
- 16.16 ha
- Listed
- 3 months ago
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Neighbourhood
Living in Bangholme
This house in Bangholme, VIC 3175 sits within reach of public transport, local shops and nearby schools. It is listed 500% above the $1.10m median of 60 comparable houseswithin 5 km.
Schools near Bangholme
- Cornish Collegecombined · Prep-12 · CoEd
What's nearby
- Unnamed (bus) — 777 m away
- Chelsea Heights Bakehouse — 914 m away
- Firman Park — 364 m away
- Unnamed — 685 m away
- Unnamed — 763 m away
Bangholme at a glance
Full suburb profile- Population
- 749
- Median age
- 71
- Household income
- $644/wk
- Median rent
- $176/wk
- Median mortgage
- $2,880/mo
Source: ABS Census.
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