498 Walnut Avenue,

Mildura

A commanding 2,994m2 allotment zoned General Residential Zone 1 (GRZ1) and positioned on a main road, 498 Walnut Avenue presents a rare convergence of immediate income and long-term development upside. With no bushfire, flood, or heritage overlays detected, this is a clean, well-positioned landholding for developers and astute investors seeking to secure a foothold in one of Mildura's most established family pockets - surrounded by active subdivisions and sustained residential demand.

• 2,994m2 GRZ1 main road landholding - well suited to future residential subdivision (STCA), consistent with neighbouring development activity across the precinct
• Secure holding income of $660 per week on a fixed lease to 28 July 2027 - collect income while planning your next move
• Clean title with no bushfire, flood, or heritage overlays detected - straightforward planning prospects
• Substantial 40m x 20m powered shed with concrete floor, lights, and electricity - a significant standalone asset
• Double lock-up garage with internal access
• Blackwood kitchen cabinetry with modern appliances and ample storage
• Master bedroom with walk-in robe and ensuite; three additional bedrooms with built-in robes (4th bedroom adaptable as study)
• Formal lounge and dining with bay windows, plus separate informal living areas
• Heating and cooling throughout; fully fenced and low-maintenance allotment