STRIKE LOGIE GOLD

Jarrad Bevan

IT has been almost 50 years since this Richmond farm was last on the market. Logie Farm is a 318ha property located at No.440 Prossers Road, Richmond, and No.59 Logie Farm Road, Orielton.

Most recently it has been used for mixed farming, primarily sheep grazing, but given its size and location it lends itself to a number of opportunities.

Harcourts Northern Suburbs property representative Damien Hollingsworth said the property had many appealing aspects to it.

He said if the next owner wanted to subdivide, subject to approval, they could have 10 large blocks and keep a big portion of the property for themselves.

With part of the property being in the

Sorell municipality and the rest in Clarence, there is a variety in the minimum lot sizes of 20ha and 40ha. The property is zoned “Rural Resource”.

“There is also an income stream from its quarry, and the farming aspect of it as it offers about 170ha, which has been identified as being prime land for viticulture,” Damien said.

“We have had some inquiries already from Tasmanian and interstate vineyard owners.

“The marketing for this one will be far and wide. It will certainly be interesting to see who the buyer ends up being.

“We have had inquiries that were focused on the quarry, farming the land, a vineyard and one that was interested in the farm but not the house — it has been varied.

“Having that subdividable land where you could quite easily sell some blocks in the future, that could reduce the overall cost of the property should someone want to go down that road.”

The farm has a 50-megalitre water right from the South-East Irrigation Scheme, two large dams and several smaller dams for stock water.

Alongside the farm there is a sunny, character-filled three-bedroom home with pleasant rural views.

The house retains some period features, including pressed-metal ceilings, wide hallways and original fireplaces.

It has an upgraded kitchen, wood heating, two living areas and a covered outdoor entertaining area.

Damien said there was not much on the market that could compare with Logie Farm.

“Properties like this one tend to stay within families for long periods of time,” he said.

“Farms of this size don’t hit the market often, particularly of this quality and in such a tremendous location.”

Logie Farm is located in the renowned Coal River Valley of South-East Tasmania on the fringe of the historic township of Richmond.

It is mostly north-facing with multiple entrances and an easy 30-minute drive to the Hobart CBD, Salamanca and the waterfront precinct.

Expressions of interest will close on July 7 at 2pm.