868 Pine RoadRiana TAS 7316
Property Details for 868 Pine Rd, Riana
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
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
- 26 Nov 2018Sold for $2,158,320
- 06 Jul 2018Listed for Sale by Expression of Interest
- 23 Mar 2018Sold for $2,103,600
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0About 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 67.56% increase in median value. As at 31 October 2024:
- The median value for Houses in Riana is $594,318.
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