FOR SALE
By Negotiation

2 High Street
New Norfolk TAS 7140

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 230m2
Land area: 436m2
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DA Approved Commercial Land with Adjoining Tenanted Investment

We are pleased to present an exceptional opportunity to purchase two commercially zoned parcels of land in the heart of New Norfolk, a rapidly growing regional township just 35km north-west of Hobart. These adjoining strata lots, with a combined footprint of approximately 206m², come with Development Approval (DA) for the reconstruction of two commercial shops. Additionally, there is significant potential to enhance the site with a two-story development, potentially including upper-level residential units, subject to obtaining new approvals.
To further maximise the potential, the vendor is offering the option to purchase their adjoining freehold investment property directly next door. This property, currently tenanted by Workskills, provides a steady income stream with future upside or development opportunities (subject to lease expiry), significantly increasing the overall footprint and scope for redevelopment across all four titles.
Key details:
* Lot 5 - 71m² Lot 6 - 135m² Lots 3-4 Workskills 230m²
* Level parcels with street frontage
* Zoned 'General Business'
* Approved plans ready to go
* Existing town water & power connections
* Located opposite Council Chambers
* Nearby businesses include Guardian Pharmacy, Total Eye Care, and Salvation Army
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Property Details for 2 High St, New Norfolk

Building Type
Commercial
Floor Size
230m2
Land Size
436m2

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About New Norfolk 7140

The size of New Norfolk is approximately 18.5 square kilometres. It has 20 parks covering nearly 9.6% of total area. The population of New Norfolk in 2011 was 5,242 people. By 2016 the population was 5,431 showing a population growth of 3.6% in the area during that time. The predominant age group in New Norfolk is 50-59 years. Households in New Norfolk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Norfolk work in a labourer occupation. In 2011, 65.3% of the homes in New Norfolk were owner-occupied compared with 62.9% in 2016.

New Norfolk has 3,114 properties. Over the last 5 years, Houses in New Norfolk have seen a 64.02% increase in median value, while Units have seen a 82.60% increase. As at 30 November 2024:

  • The median value for Houses in New Norfolk is $464,746 while the median value for Units is $451,003.
  • Houses have a median rent of $450 while Units have a median rent of $383.
There are currently 51 properties listed for sale, and 4 properties listed for rent in New norfolk on OnTheHouse. According to CoreLogic's data, 112 properties were sold in the past 12 months in New norfolk.

Suburb Insights for New Norfolk 7140

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MIX Property Group
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.