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Rushy Lagoon sale provides generational opportunity to secure Tasmania’s largest farm

Property Markets / Transactions

Australia / Melbourne

Feb 21 2018

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CBRE Agribusiness has been appointed to market for sale Tasmania’s largest farm – boasting four dairies and sprawling more than 20,000ha in the state’s north east. 

Encompassing a total land area of approximately 21,861ha, Rushy Lagoon is a diversified farming enterprise, incorporating intensive irrigation for large scale dairy production alongside substantive sheep and beef cattle operations.

The current owner, Allan Pye, acquired Rushy Lagoon in 1997, and has since expanded the holding with the acquisition of adjoining properties Red Hills and East Wyambie. 

The expansive holding features four dairies - supported by 1000ha of centre pivot irrigation - milking 4000 cows. The other livestock operations utilise approximately 7000ha of arable pasture in conjunction with a further 7000ha of grazing country to run 7,000 head of beef cattle and 7,000 sheep.

Rushy Lagoon, which receives average rainfall of 750mm per year, benefits from significant water entitlements (6865ml) coupled with on-farm water storages (4295ml), excellent operational infrastructure, productive soil types, and numerous structural improvements, including a 20 stand shearing shed. 

CBRE Agribusiness’ Danny Thomas, Peter Ryan and Jarrod Ryan have been appointed to oversee the sale via an International Expression of Interest campaign. 

Danny Thomas said the opportunity to acquire such a large scale, well developed irrigated asset in a premium farming area like north eastern Tasmania - which still represents excellent value for money - would generate strong buyer interest from domestic and international investors alike. 

“The vendor has strategically acquired and developed a first-class asset of international significance. Rushy Lagoon will reward future investment in irrigation and pasture development to enable significant intensification with a huge uplift in carrying capacity,” Mr Thomas said.

Rushy Lagoon is offered for sale on a Walk In/Walk Out basis, inclusive of land, structures, water licenses, plant & equipment and planted crops. It is available in one line or as separate assets to suit requirements

Expressions of Interest close April 23, 2018.

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