286 Lakefront Terrace, Tarras-Cromwell Road, Cromwell, Otago

Poised overlooking Lake Dunstan in Central Otago is this newly created parcel of land that has spectacular lake and mountain views and incredible potential.

Seeking a dream location in Central Otago that has it all? This property has elevated lake and mountain views, north-west facing aspect, the benefit of income via the well-established vines - all this in a landscape that characterises Central Otago.

This 18.7310 hectare (subject to survey) property is located in the Bendigo sub-region and comprises 3.96 hectares of productive vineyard on the lower slope rising from the lakefront up to a naturally elevated plateau. Additional plantable land is available to create further upside, plus the potential for a lease-back by the vendor provides hands-off income possibilities. 

The Bendigo location is sought after for its superior lifestyle living as well as being renowned for premium wine production and this property offers both, with potential for further development on its surrounding bare land. 

Key Features
- 18.7310 hectares of freehold land (subject to survey)
- 3.96 hectares of 17 year old established premium award-winning vines
- Expansive lake and mountain views
- Lifestyle development opportunity (subject to consent)
- Multiple potential building locations depending on preference and consent requirements
- Further vineyard development potential of 6+ hectares (approximately)
- Established irrigation and domestic water supply (including for future vineyard development)
- Currently in the final stages of subdivision with title due shortly

This is a gem in the crown along the lakefront. If you are after the ultimate all-encompassing lifestyle opportunity or looking to add a premium vineyard and location to your portfolio, then this is an opportunity not to pass by.

For Sale by Deadline Private Treaty closing on or before: 4pm, Tuesday 23 April 2024 (unless sold prior)