OFF MARKET

868 Pine Road
Riana TAS 7316

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 160m2
Land area: 578300m2
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Property Details for 868 Pine Rd, Riana

Building Type
Rural
Year Built
1960
Floor Size
160m2
Land Size
578300m2
Local Government
Central Coast
Lot/Plan
1/252419

Last Listing description (March 2019)

Gross area of 100Ha* (circa 50Ha* expected to be developed under tunnels for berry farming)
Part developed, development to be completed upon the sale and leaseback with funding from the purchaser
Tunnels to be planted with blueberry and raspberry crops

Total water allocation of 307ML*
Well-established farming region located within the Dial Blythe irrigation scheme
Transaction is proposed to be undertaken on 20-year sale and leaseback basis, including funding for further development of the property
Tenant is a large Australian fresh produce business
Other improvements: development to include Packhouse capable of servicing the full circa 50Ha* site and other ancillary infrastructure

Property History for 868 Pine Rd, Riana, TAS 7316

A timeline of how this property has performed in the market
Last Sold
$2,158,320
26 Nov 2018
  • 26 Nov 2018
    Sold for $2,158,320
  • 06 Jul 2018
    Listed for Sale by Expression of Interest
  • 23 Mar 2018
    Sold for $2,103,600
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About Riana 7316

The size of Riana is approximately 58.2 square kilometres. It has 6 parks covering nearly 29.8% of total area. The population of Riana in 2011 was 325 people. By 2016 the population was 326 showing a population growth of 0.3% in the area during that time. The predominant age group in Riana is 50-59 years. Households in Riana are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riana work in a managers occupation. In 2011, 79.8% of the homes in Riana were owner-occupied compared with 76.3% in 2016.

Riana has 163 properties. Over the last 5 years, Houses in Riana have seen a 73.65% increase in median value. As at 30 September 2024:

  • The median value for Houses in Riana is $601,150.
There are currently 2 properties listed for sale, and no properties listed for rent in Riana on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Riana.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.