FOR RENT
$22,204 plus GST

175b Elphin Road
Newstead TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 48m2
Land area: 48m2
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Flexible suburban tenancy - Rental rebate avalible

Situated on Elphin Road at the end of David Street this 48m2 premises benefits from high traffic flow and visibility to and from Launceston’s south and eastern suburbs as well as organic foot traffic from surrounding businesses including Newstead Medical Centre, the pharmacy, licensed post office and Coles supermarket.
This street level, high exposure tenancy suits a wide range of uses from office and consultancy, through to heath or continued retail applications. At 48m2 the tenancy is a manageable size for a small business and comes with the benefit of single parking space at the rear.
If you are in need of a small tenancy outside of the CBD this space is well worth a look.
- Ideally situated within Newstead shopping precinct
- Suitable for a wide range of uses
- Ideal for single operator
- High exposure street frontage
- Zoning 'Local Business' 20.0
- Laundry area & toilet
- Reverse cycle air conditioning
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Property Details for 175b Elphin Rd, Newstead

Building Type
Commercial
Floor Size
48m2
Land Size
48m2

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About Newstead 7250

The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2011 was 4,968 people. By 2016 the population was 5,366 showing a population growth of 8.0% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 66.2% of the homes in Newstead were owner-occupied compared with 64.4% in 2016.

Newstead has 2,733 properties. Over the last 5 years, Houses in Newstead have seen a 64.04% increase in median value, while Units have seen a 53.71% increase. As at 31 October 2024:

  • The median value for Houses in Newstead is $715,353 while the median value for Units is $397,028.
  • Houses have a median rent of $520 while Units have a median rent of $390.
There are currently 22 properties listed for sale, and 3 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 104 properties were sold in the past 12 months in Newstead.

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Ben Galvin
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Zac Semmens
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Howell Property Group
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