This article is from the Australian Property Journal archive
A LARGE 1,539 ha site, known as Happy Valley on Flinders Island is on the market.
The site is being sold by Part Rice & Hawkins in conjunction with Landmark Harcourts of Launceston with expressions of interest closing with the agents on Wednesday 21 March at 2 pm.
Happy Valley is located within 7km of Whitemark, the major centre or ‘capital’ of Flinders Island and is held in twenty separate land titles.
The property has been owned for the past 25 years by retired Melbourne medico Dr Dennis Harvie.
“I am extremely reluctant to bring my involvement in Flinders Island to a close but I am about to turn 70 and after one knee replacement with another scheduled, I have decided the time has come to pass on this magnificent property with most of my original hopes and expectations for it essentially completed,” Harvie said.
Happy Valley has been operated to date as three separate rural enterprises including an Angus cattle operation with a judged 800 cow capacity, a fat lamb enterprise and wool growing.
Happy Valley is a livestock supplier to some of Australia’s major supermarket groups with shipments made regularly to both Tasmania and Port Welshpool in Victoria.
The livestock industry is supported by the Tasmanian Freight Equalisation Subsidy which benefits the entire livestock and productive industry inputs and exports of the Bass Strait Islands.
The site has over 10km of direct frontage to the coastal reserve and its major features of Parrys Bay and Lagoons Point.
There are three homes on the property including the main two level homestead which Dennis Harvie occupies on his regular visits which was built 24 years ago.
Selling agent Pat Rice & Hawkins director Peter Hawkins said the offer for sale of Happy Valley on Flinders Island creates an opportunity to purchase a highly developed rural holding of substance and significance where a major development plan has been essentially completed over a 25 year time frame.
”This is a unique opportunity to take this property to its next stage with the potential long term opportunity to capitalise upon both its scale and twenty title parcel.
“My judgement is that the offers for Happy Valley should be in excess of $3.5 million,” he concluded.
PropertyReview