IN 194 years it has played host to a state premier, a Melbourne Cup-winning horse, a once-great timber company, a former convict and countless Northern Tasmanian school children.
Now Entally House is up for lease.
Tasmanian Parks and Wildlife Service will this week call for expressions of interest for the iconic Hadspen property - complete with Australia's oldest conservatory, a chapel, stables, carriage house and farmyard.
Environment, Parks and Heritage Minister Brian Wightman said the price, length and terms of the lease were negotiable.
Mr Wightman said the state government was offering the lease as Parks and Wildlife needed outside help to preserve and revitalise the property.
``I'd be really interested in seeing it as a heritage tourism operation, something like that, that sort of preserves the historic nature of the home and tells the story of this home,'' Mr Wightman said.
``Parks aren't ideally set up to run a tourism venture, and I think there are some great ideas out there in the community, and we look forward to hearing from people who might be interested.''
Tourism North Tasmania chief executive Chris Griffin said the lease offer was a good opportunity to get a fresh perspective on how the property's heritage could be sold to visitors.
``It's not just about old things in an old building - it's how that building can be used to tell stories and narrate the history of North Tasmania. I think that's where the value really is,'' Mr Griffin said.
``When a heritage site is done well it's a magnet for people visiting, they're spending more time in the region to not only see the site, but the things around it.''
Mr Wightman said any lease holder would need to continue to give use of the property's four-hectare vineyard to Youth Futures.
The not-for-profit organisation has operated and maintained the vineyard for about four years - and in return, Parks and Wildlife has let them use the land to run rural training programs for the state's disadvantaged.
``They do fantastic work and I think it complements the historic home. This is a big area, and a big area to manage, and I think if Youth Futures can manage that part of the area but also train people, that's a win-win,'' Mr Wightman said.
He said he knew the property was special to many, but change was needed to ensure its future.
``We can listen to sentimentality - and I feel sentimental about the place - but in saying that too there's got to be a special belief that this needs to be open to business and used, and that's the best way, in my view, to actually preserve the place,'' Mr Wightman said.