Spicers (ASX: SRS) has provided an update to the ASX on its Tasmanian properties, owned by subsidiary company, Tas Paper.

Spicers said Tas Paper had signed a contract to sell its remaining property in Burnie Tasmania, 7-15 Reeves Street, to Shane and Steven Groves for a sale price of $2.85 million.

Spicers also announced a ‘Sale by Tender’ process for land and buildings owned by Tas Paper at the former paper mill site at 226 Mill Road in Wesley Vale, Tasmania. This tender is being handled by Andy Howell and Warrick Hobart of NAI Harcourts and is open to any interested parties. 

The manufacturing facility closed in March 2010 after 40 years of operation. 

The announcement described the sale of the site as “on an ‘as is’ basis” and said interested parties will be given full access to carry out their own enquiries and due diligence prior to submitting an offer.

Set on approx. 56.11 hectares (561,100 sqm) the former Wesley Vale Paper Mill site is zoned General Industrial under the Latrobe Interim Planning Scheme 2013.

According to NAI Harcourts, the site incorporates a large industrial building under one roof; various industrial storage and engineering workshop buildings; an internal road network; a two-level administration building; staff canteen; clarifier; a large water reservoir; and a waste disposal infrastructure. 

Approximately 20.4 hectares of the site is planted with pine plantation timber.

The property is located on the northern coast of Tasmania and is approximately 10 kilometres east of the City of Devonport. Devonport Airport is approximately 2 kilometres west of the site.

The tender closes at 5:00pm on 14 December 2018.

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