1251 Musselroe RoadMusselroe Bay TAS 7264
Property Details for 1251 Musselroe Rd, Musselroe Bay
Last Listing description (August 2023)
Musselroe Bay offers a unique location in the North-east of Tasmania. Surrounded by farming operations of Icena, Cape Portland & Rushy Lagoon, this presents a large scale grazing opportunity.
The property comprises 1,400 Ha including 900 Ha of arable land which has been leased previously for the running of a breeding cattle. This presents the ultimate "blank canvas" for the purchaser to develop a new paddock plan for the farm and undertake development.
The property has a water right of 295 megalitres with 351 megalitres of storage from the Musselroe catchment, with stock water from water holes.
Other opportunities include implementing the Planning permit in place for Agri-Tourism incorporating an 18 hole Golf Course and Accommodation.
Rental expectation- $130,000pa - $150,000pa + GST + Rates.
Infrastructure on the property includes a comfortable 4 bedroom residence sited with views overlooking Musselroe Bay. Other improvements include the all weather airstrip.
Property History for 1251 Musselroe Rd, Musselroe Bay, TAS 7264
- 09 Aug 2023Listed for Sale For Sale and or Lease, EOI Closing 12 Sep 2023 at 4pm
- 27 Aug 2019Sold for $5,000,000
- 16 Nov 2012Sold for $5,000,000
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About Musselroe Bay 7264
The size of Musselroe Bay is approximately 63.7 square kilometres. It has 2 parks covering nearly 16.3% of total area. The population of Musselroe Bay in 2011 was 339 people. By 2016 the population was 38 showing a population decline of 88.8% in the area during that time. The predominant age group in Musselroe Bay is 60-69 years. Households in Musselroe Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Musselroe Bay work in a community and personal service occupation. In 2006, 17.3% of the homes in Musselroe Bay were owner-occupied compared with 70.5% in 2011.
Musselroe Bay has 130 properties. Over the last 5 years, Houses in Musselroe Bay have seen a 83.02% increase in median value. As at 30 November 2024:
- The median value for Houses in Musselroe Bay is $348,795 while the median value for Units is $150,995.
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