One of Tasmania’s most significant agricultural properties has hit the market, with a historic Midlands farm expected to fetch somewhere either side of $10,000 a hectare – equating to total sale of around $23 million.
Rosehill, a 2,300-odd hectare property at Jericho south of Oatlands, is being offered for sale by expressions of interest closing midday on May 22.
The property is an aggregation of three holdings that together form a large-scale cropping, breeding and finishing operation backed by what the selling agent describes as an unmatched water resource.
The property holds 300 megalitres of Tasmanian Irrigation Scheme winter water and a 3,500-megalitre in-stream dam on the Exe Rivulet, which draws its catchment from Table Mountain to the north.
Andrew Fisher of Nutrien Harcourts Tasmania, who is handling the sale, said the sheer volume of water sets Rosehill apart from anything he’s encountered in his quarter-century career.
“I’ve been in the job 25 years and I’ve never sold a property with a larger water right than that,” Fisher told Pulse.
Some 552 hectares sit under centre pivot irrigation, and Fisher said the system’s flow rate is a major drawcard.
“The reliability of scheme water is one thing, but it’s delivered slowly, whereas this water can be delivered at like 14 megalitres a day,” he said.
“It’s a very well set up system … designed to run at volume.”
At the heart of the property is a sandstone homestead dating to around 1834, built by renowned Scottish stonemason Andrew Bell.
The five-bedroom home features two bedrooms upstairs and three downstairs, along with a large kitchen and living area with views to the east and north.
The property also includes three farm cottages, a new five-stand shearing shed, large sheep handling facilities and 500 tonnes of grain storage.
Rosehill runs 6,500 ewes annually and is among the top suppliers of lamb to the Coles Graze program, consistently producing weekly drafts of 25-kilogram lambs.
Around 130 hectares has historically been used for cash cropping, including beans, poppies, wheat and barley.
Fisher said the property is expected to attract interest from both corporate buyers and established Tasmanian farming families.
“There’s a few players in that sort of $20 to $30 million space that will have some interest in it,” he said.
He described the price guide as industry standard for the Midlands, with the property’s scale driving the overall figure rather than any premium per hectare.
Rosehill sits just minutes from the Midland Highway and is around 55 minutes from Hobart.
