Lot 1 Pinega Road, Ringarooma TAS 7263

Price Range $1,200,000 to $1,500,000

Forestry Block of 89.99Ha (222.36 acres)

Invest for the future - 72Ha pine plantation in magnificent location.
A great opportunity exists to purchase this established pine plantation nestled under the picturesque 'Olive Rise' hill at Ringarooma. The land is elevated and undulating, and comprises 25Ha planted in 2015 and 47Ha planted in 2016.
A potential return on investment is not too far away - the plantation likely to be ready to be commercially thinned from 2027 onwards. Owned outright by the land owners, once the trees are harvested a 'blank canvas' awaits with the option to return it to plantation, or convert it to pasture and grazing. Perhaps as a lifestyle property (STCA) with its magnificent views and rural outlook.
The land is well-positioned in a reliable rainfall area, boasting a long-term annual average rainfall of 1200 millimetres per annum. Its soil types vary from red krazonim basalt to grey clay loams offering a variety of future uses.
Dual access is available from either Rosier's Road or Pinega Road and just a short drive from the peaceful rural township of Ringarooma. This plantation borders the property at 41 Sowell's Road, Alberton, also presently for sale - a fantastic opportunity to combine both for your investment portfolio.

Property Details

• Land Area: 89 Hectare (approx)