Cressy TAS 7302
- Rural / Farming
- 44.62 ha
- For Sale, For Sale by Expressions of Interest
A Medicinal Cannabis Enterprise
Fully permitted, licensed and operational low THC facility
On behalf of our vendor, CBRE Agribusiness is delighted to present for sale, a fully operational medicinal cannabis production enterprise.
Comprising a total land size of 44.62 Hectares* (110.00 Acres*), the Property is situated in the Northern Midlands Region of Tasmania, in a picturesque and productive farming district, only 30 kilometres* south of Launceston.
The Property will be offered via an Expressions of Interest (EOI) campaign, to be sold as a going concern, with EOI's due on Wednesday 3 August 2022 at 4:00pm (AEST). The details of the Property and sale can be found with an Information Memorandum, available by request.
The key features are:
Certified Organic - Licensed to produce 2.5 tonnes annually
9 acre* medicinal cannabis compound
2 X 17.5 hectares Valley centre pivot irrigators
64 megalitres* of water entitlements
Fully licensed and permitted (Office of Drug Control & State Pharmaceutical)
Turn-key operation with optionality to convert to indoor or glasshouse grow
Low THC facility with minimal capital expenditure to upgrade to high THC
Fully automated irrigation and fertigation system
Secure site with appropriate fencing, CCTV and scan entry
Power upgrade to site - new main switchboard and three-phase transformer
Infrastructure & Accommodation
As a fully operational enterprise, the Property is complimented by the following infrastructure to support the current operation and additional farming activities such as livestock grazing/breeding
Security fencing with card scan entry
CCTV monitored security system
All weather gravel driveway with parking bay
Four acres* of raised beds with poly matting and imbedded irrigation
Seven poly tunnels One for propagation use
Low THC medicinal cannabis manufacturing steel shed with concrete base and skillion
Drying rooms, dehumidifiers and lab room
Class 2 equivalent bank vault
Offices, bathrooms, lunchroom and changerooms
Purpose built compost bay
Irrigation and firefighting tanks with 630,000 litre capacity
2 X 17.5 hectare valley irrigators
Netafim Modern Irrigation, fertigation and pumps
Switchboard and transformer has undergone recent upgrades
Original shearing shed with sheep yards
Machinery and hay shedding plus timber stables
The solid circa 1950 brick and tile homestead is well located on the property and retains many original features of the era with beautiful timber joinery and 12ft ceilings. The home comprises 3 bedrooms, 1 bathroom, a large timber kitchen, lounge room with wood combustion heater. Renovations include a brand new bathroom and updating of 2 of the formal rooms. The entire verandah has been glassed in providing a delightful sunroom with views of the property and surrounding farmlands.
The Property has direct access to the Cressy Longford Irrigation Scheme, serviced by open channels, with total allocations of 64 Megalitres (ML) per annum.
Water Irrigation Rights are utilised to irrigate approximately 35 hectares* via two 17.5-hectare* centre pivot irrigators. This water is also used to supplement the irrigation of the Medicinal Cannabis plantations at the Property in the areas set up for both propagation of seedlings and for general production.
Water used for processing medicinal cannabis, for employee services (i.e. hospitality, cleaning, septic, etc) and for domestic services (i.e. household requirements) is provided from a mains town water connection plus natural rainfall captured via rooftop collection and storage infrastructure comprising two 315,000-litre water storage tanks located adjacent to the main processing sheds plus numerous smaller water tanks located adjacent to the homestead and smaller sheds each connected to an electric-powered pressurised reticulation system.