"Hawkspur" is an 86.85 Ha ( 214.62 acre) property nestled in the foothills of Mount Arthur, overlooking Lilydale. It boasts two significant houses , 120 acres of pasture, an established olive grove, waterfalls, rainforest, bushland, a significant wetland area and spectacular 360 degree views. The olive grove consists of 1,300 olive trees with underground mains irrigation, serviced by a 36 mega litre dam filled from the river using the 52 mega litre water licence. The income potential from the olive grove is quite substancial. The 120 acres of pasture are complimented by numerous large sheds and stock yards, and along with the ready supply of water, can be used for grazing or cropping. Both houses on the property are sutuated in established gardens and have stunning views overlooking the countryside and township of Lilydale. Mount Roland can be seen some 80km away in the west and from the top of the property Bass Strait can be seen to the north, and the Great Western Tiers in the south. From all points, the view of Mount Arthur is spectacular. You will fall in love with the 5 bedroom main house which dates back to 1885. There are 2 bathrooms, 2 lounge areas, a study and a real country kitchen. It has great atmosphere with the log fire burning  along with the warmth and colour of the Tasmanian Oak floors and doors. The second substancial brick house  has been totally renovated 3 years ago and has a brand new modern kitchen. 3 bedrooms, study, generous lounge and parking for 3 cars. "Hawkspur" has in the past been involved in tourism and its location on the foothills of Mt Arthur, could provide a golden opportunity for the new owners to do this again.