Institutional Grade - 150ha Mixed-Use landholding. Northern Tasmania’s premium, generational ‘Town Centre’ & subdivision development opportunity.

Willowbank Estate is being offered for sale by Expression of Interest closing 4pm Thursday 23rd May (AEST).

Welcome to Willowbank Estate

An exceptional opportunity to acquire an institutional grade, generational development asset providing a unique combination of scale and multiple zonings. The site sits within one of Greater Launceston’s more prominent growth corridors, only 15 minutes to both the Launceston CBD and Launceston Airport.

Investment Highlights

Flagship mixed-use development opportunity in a premium Tasmanian location at the junction of Bass Highway and Meander Valley Road, only 15* minutes from Launceston Airport.

Residential Master Planned Community with scope for increased lot yield.

Unprecedented scale allowing for a significant development in a well located growth precinct.

Prominent growth corridor. Incorporates 65%* (150ha of a total 232ha*) identified by Local Council as the growth area master plan for Hadspen.

Positioned in one of Greater Launceston’s more prominent growth corridors.

The adjoining subdivision combined with Willowbank Estate further enhances the need for a town centre style development within the confines of the Willowbank Estate offering.

Local Business Zone – 3 ha*
Urban Mixed-Use Zone – 7 ha*
General Residential Zone – 36 ha*
Low-Density Residential Zone – 45 ha*
Rural Living Zone – 59 ha*

All zoning in situ by virtue of planning scheme.

Rolling open pasture site ready to develop.

Hadspen living

The perfect blend of tranquillity and accessibility.

Hadspen is an expanding township in the north of Tasmania, and situated adjoining Hadspen sits ‘Willowbank Estate’ which presents a unique ‘zoned’ land aggregation capable of delivering a mixed-use estate of enviable scale (STCA). Boasting a current population of 2,337 according to the 2021 census, the township is positioned as one of Greater Launceston’s more prominent growth corridors, making it an attractive development opportunity.

With an expected population growth that underscores its potential, Hadspen is poised for significant development in the coming years. The local council has earmarked a substantial 232 hectares of land as the designated growth area for Hadspen, underscoring a commitment to strategic urban expansion. Willowbank Estate comprises approximately 65% (150HA) of the growth area land, incorporating a mix of favouable zonings already adopted as part of the current planning scheme.

Strategically located just 15 minutes from the Launceston CBD, Hadspen offers a perfect blend of tranquility and accessibility. This proximity to Launceston City ensures residents enjoy the convenience of urban amenities while reveling in the peaceful ambiance of an emerging township. The seamless connectivity positions Hadspen as an ideal choice for those seeking a harmonious balance between suburban living and urban convenience.

In addition to its strategic location and growth potential, Hadspen exudes charm with its local attractions, community spirit, and scenic landscapes. The town’s unique character and the welcoming atmosphere contribute to its appeal as a residential destination.

Willowbank Estate emerges as a super prime development opportunity of scale rarely offered in the Tasmanian market. The township is backed by a growing population, strategically positioned in Launceston’s growth corridor, with ample land earmarked for development by the Meander Valley Council. Opportunity exists to not only delivery a substantial residential subdivision, but value add through the delivery of critical services and uses including, but not limited to a Retail Town Centre, Childcare, Mixed Use and a lifestyle element incorporating the Rural Living Zone.

Willowbank Estate by virtue of its location, zoning and potential is undoubtably, one of Tasmania’s best urban development projects.

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Elders Launceston
54 Cameron Street,
Launceston TAS 7250

Agent Details

Cale Ayres
0439 358 094
cale.ayres@elders.com.au

George Burbury
0408 333 523
george.burbury@elders.com.au

Nick Bond
0414 395 007
nicholas.bond@elders.com.au