Situated on nearly 21 hectares of superb agricultural land, 426 Prossers Road is an outstanding opportunity to acquire a significant and unique land holding. Minutes drive to Historic Richmond and in the heart of the Coal River Valley Wine Region, you are surrounded by quality properties and highly acclaimed wineries such as Domaine A, Frogmore Creek and Riversdale Estate. Neighbouring the property on the adjacent blocks is also a newly established 11ha vineyard.
The property is shaped with optimal topography and North, East and West slope orientation, well suited for viticulture, stone fruit and olives. The high-point of the block features a substantial level building envelope suitable for both private residences and commercial operations.
Several activities have already been carried out to prepare the property for fresh produce including vineyards and stone fruit, including a road that has been constructed from the Prossers Road Entry to the Building Envelope at the properties high-point. Other activities include the purchase of 10 megalitres* of water entitlement from Tasmanian Irrigation, designs for the irrigation pipe design to the gate of the property and quotes obtained from all contractors required to develop a 5-7ha vineyard including soil and core testing, test ripping, and the needed conditioning regime of the soil.
This is genuinely a unique opportunity to acquire a significant landholding, for agriculture and/or residential use, in this blue ribbon wine region.
*Water entitlement negotiable with the purchase of the property as an inclusion/exclusion
The size of Richmond is approximately 89.9 square kilometres. It has 6 parks covering nearly 0.3% of total area. The population of Richmond in 2011 was 1,609 people. By 2016 the population was 1,461 showing a population decline of 9.2% in the area during that time. The predominant age group in Richmond is 50-59 years. Households in Richmond are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 80.8% of the homes in Richmond were owner-occupied compared with 80% in 2016.
Richmond has 860 properties. Over the last 5 years, Houses in Richmond have seen a 68.82% increase in median value, while Units have seen a 88.70% increase. As at 31 October 2024:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.