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627 Silver Hill Road, Lower Wattle Grove TAS 7109

$5,500,000

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$5.5M - $5.78M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 2 Baths 76.2 acres 1738 m²

Listed: 19 days ago

Updated: 8 hours ago

Overview

Set approximately 45 minutes south of Hobart, 627 Silver Hill Road is a substantial agricultural property spanning around 77 acres (30.82 hectares) nestled in the fertile Lower Wattle Grove region. This estate primarily serves as a premium export-quality cherry orchard, boasting fertile soil free from frost, which contributes to the large, desirable cherry size for export markets.

The property presents a unique blend of lifestyle and business opportunity, offering expansive 360-degree vistas over the Huon River, Hartz View Mountains, and surrounding valleys. The orchard itself has been significantly revitalised by the current owners with considerable investment, including orchard expansion, additional cherry plantings, restored and upgraded apple packing sheds, lined cool rooms, efficient irrigation systems, and new access roads.

Projected cherry production is significant, with expectations of 100 tonnes by 2026 and increasing to 150 tonnes by 2028. The netted mature trees include sought-after varieties such as Lapin, Sweet Georgia, and Vans, ensuring a strong position in export markets.

Beyond its agricultural function, the property provides scope for diversification, with ample free land suitable for expanding production, additional residences, or business ventures such as event hosting or weddings. Infrastructure supporting these opportunities includes an extensive irrigation system managed from the central complex area and three dams supplying ample water resources.

The operational hub within the property features a large packing shed complex with two sizeable cool rooms, storage areas, and chemical containment facilities. Accompanying this is a self-contained accommodation area equipped with office, kitchen, and bathroom amenities. Additional practical features include a carport, machinery shed, workshop, water tanks, and generous parking for cars and heavy vehicles.

Commercially, the property is more than just a home; it is an established brand known locally, nationally, and internationally, particularly in Asian markets where its cherries are well-regarded. The presence of an established online store and an accessible website further enhances its market reach and business potential.

This property is suitable for owner-operators seeking a lifestyle integrated with a profitable and growing agricultural business, investors interested in premium horticultural production, or entrepreneurs eyeing agri-tourism and diversified rural enterprise opportunities.

Local Market Insights

In Lower Wattle Grove, Quiet Listings observed 21 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $1,143,524. The property type mix of listed properties is predominantly Houses at 66%, followed by land (28%), and units (6%). The most active agency for houses in the Lower Wattle Grove area is currently Homelands Property, representing 33% of new listings, followed by EIS Property with 29%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.