This article is from the Australian Property Journal archive
MORE than $30 million is expected for a grazing, cropping and native forest opportunity outside of Tasmania’s Launceston which has come to the market for the first time in more than 90 years.
Mineral Banks is located at 271 New River Road in the tightly-held Ringarooma district, about 58 kilometres from Launceston, and has been held by the same family for generations.
It spans 1,236 hectares characterised by its excellent climatic conditions and highly fertile soils, and comprises 781 hectares developed for grazing, 55 hectares for intensive cropping, and 400 hectares of native forest.
Colliers’ Duncan McCulloch, Connor Dixon and Rawdon Briggs have the listing.
“The combination of rich red loam and alluvial soils, improved pastures, and reliable water supply from the Upper Ringarooma scheme make it an exceptional investment opportunity,” McCulloch said.
Infrastructure includes multiple residential dwellings, machinery sheds, and upgraded fencing, supporting both beef cattle and fat lamb production.
Significant volumes of hardwood timber in the native forest present diversified forestry opportunities and potential for biodiversity stewardship and carbon farming.
Mineral Banks boasts extensive river frontage, with the Dorset River and New River traversing the property and contributing to a reliable and secure water supply. The property benefits from 420 megalitres of Tasmanian Irrigation water from the Upper Ringarooma scheme, enhancing its agricultural potential.
