This article is from the Australian Property Journal archive
BLUE-ribbon Tasmanian farm Rockthorpe Estate, south of Launceston, is set for a new life as a dairy farm after changing hands for around $30 million.
The 784 hectare Cressy property was listed for sale by farmer Stuart Murfett through LAWD’s Danny Thomas and Elizabeth Doyle, and according to The Weekly Times has been picked up at about its expected value by a local dairy farming family.
Rockthorpe Estate has been used as an intensive cropping and grazing platform with the rotation including high-yielding crops such as poppies, potatoes, barley, grass seed, canola and wheat.
It has a three-kilometre frontage to Lake River and two kilometres of frontage to Dairy Creek and is highly developed to overhead irrigation and benefitted by 3,225 megalitres of water entitlements.
There are 493 hectares developed to centre pivot irrigation and 57 hectares developed to hard hose traveller irrigation, with the balance comprising arable or potential irrigation land.
Improvements include a recently renovated six-bedroom, four-bathroom homestead, with expansive vistas over the Great Western Tiers mountain range, the Lake River and surrounding rural land. set within established English gardens with an in-ground swimming pool and surrounded by historic outbuildings.
Further infrastructure includes three dwellings, a five-stand shearing shed and associated yards, cattle yards, machinery shedding, bulk seed storage and rural shedding.
Tasmania last month saw the McShane family sell the 170-year farm Stonehenge to Sydney-based investment fund manager Allan Fife for about $25 million.
