This article is from the Australian Property Journal archive
NORTH-west Tasmania has seen its second major agricultural property listing in a matter of days, with the Greenham Group putting blue-ribbon Westmore, optimised for beef or dairy production, up for sale with expectations of over $70 million.
Believed to be one of the largest contiguous holdings of agricultural land in Tasmania, Westmore comprises 3,368 hectares in the Circular Head region, about 35 kilometres from Smithton.
Its listings comes hot on the heels of Chinese billionaire Xianfeng Lu’a Van Dairy company listing for sale one of Australia’s biggest dairy operations, comprising 9,500 hectares of farmland in Circular Head. Van Dairy has just sold a neighbouring 700-hectare farm to Prime Value for $15 million.
Westmore receives an annual rainfall of 1,072 millimetres and currently finishes around 6,500 cattle each year, including a combination of F1 Wagyus, British Bred and Dairy Beef cattle.
In addition, the property runs a breeding herd of 250 self-replacing cows.
Westmore is a key supplier to Cape Grim-branded beef and carries globally recognised accreditation for the grass-fed standard Never Ever Beef, as well as the new voluntary on-farm program Greenham Beef Sustainability Standard.
Greenham Group managing director, Peter Greenham, said the property offered an opportunity to secure a proven livestock production asset, with an option to purchase the current herd.
“New owners will step straight into our supply chain, including accreditation, while benefiting from high productivity and a significant natural capital asset base.
“Since purchasing the property we have invested heavily in the development of ‘Westmore’, including the application of compost, organic products such as lime sand and non-synthetic fertilisers, which have significantly boosted the carrying capacity of the property.”
Greenham intends to reinvest the sale proceeds into the Smithton plant and downstream supply chain which will enable the group to continue to improve and develop its Cape Grim program.
The property features improved ryegrass and clover pastures, arable sandy peat and loam soils, and stock water infrastructure including four active groundwater bores reticulated to troughs, a large catchment dam, surface water dams and rainwater tanks.
A licensed gravel pit on the property is used to develop and maintain an extensive network of laneways throughout the property. Fencing and stock handling facilities have been well maintained.
Other infrastructure on ‘Westmore’ includes an office, two machinery sheds, four hay sheds, a workshop, a cattle yard complex and a further three sets of cattle yards, while housing comprises a five-bedroom brick homestead, three cottages and workers’ accommodation.
Listing agent Danny Thomas of LAWD said Westmore is in “one of Australia’s most productive cattle and dairying regions benefiting from highly reliable rainfall and an excellent mixture of land and soil types”.
He expects interest from landholders or syndicates seeking expansion opportunities in either beef or dairy production, high-net-worth individuals, or domestic and global investors.
The expressions of interest campaign closes Thursday, 13th June.
