This article is from the Australian Property Journal archive
AN extensive development program, significant and secure water entitlements, and a forestry carbon project estimated to be worth 150,000 Australian Carbon Credit Units (ACCUs) are expected to draw interest in an irrigated and dryland holding in Tasmania’s Southern Midlands.
Eastern Tiers, an hour north of Hobart, spans 2,311 hectares and receives annual rainfall of 716 millimetres, and is suited to livestock and the production of numerous crops including potatoes, cereals, poppies, hemp, carrot seed, oilseed and legumes.
There is currently a three-year potato contract in place with Simplot Australia.
Some 5,620 megalitres of water entitlements includes 4,120 megalitres of annual surface water entitlements, an annual bore water supply of 1,500 megalitres and in excess of 4,000 megalitres of water storage, along with newly constructed pumping infrastructure.
Development over the past two years has included the construction of a new machinery and shearing shed complex, livestock yards and cottage, as well as 15 kilometres of exclusion fencing, roadways and 27 kilometres of internal fencing.
LAWD’s Danny Thomas and Elizabeth Doyle have the listing together with Nutrien Harcourts Rural Property’s Tony Maguire.
Thomas, said Eastern Tiers offers diverse revenue stream business, with irrigated potatoes, cereals, livestock and carbon-derived income.
“Tasmania remains undervalued compared to other parts of the country given its abundance of secure water reserves, new infrastructure and attributes that will be attractive to large local farming interests, institutional and international investors,” he said.
Eastern Tiers features 357 hectares of irrigable land, watered by four new Zimmatic centre pivot irrigators, with the opportunity to develop a further 459 hectares of irrigation.
Land types suit cropping, sheep, beef and dairy production, while there is 379 hectares of recently planted forestry that uses plantation methodology to produce ACCUs. The plantation forestry method requires accounting for carbon stock changes in trees, debris and harvested forest products, taking into account forest growth, disturbances and harvesting. Each ACCU represents one tonne of carbon dioxide equivalent in greenhouse gas emissions stored or avoided, while building a harvestable timber asset at the end of the project.
Thomas is expecting the Stonehenge property to appeal to a wide range of Tasmanian, mainland and overseas buyers.
Expressions of interest close on Thursday, 30th November.
Elsewhere in Tasmania’s rural property sector, the iconic Hermitage, in the state’s Central Highlands, was put to the market for the first time in more than three decades earlier this month, which followed the July sale of 784-hectare blue-ribbon Tasmanian farm Rockthorpe Estate, south of Launceston, for around $30 million.
