FOR SALE
Expressions of Interest

48 High Street
New Norfolk TAS 7140

Bedrooms: -
Bathrooms: -
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Land area: 405m2
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Prime Location - Situated in the Heart of New Norfolk!

For Sale: Newsagency/T.S.G Tobacconist/Newspower
Lease or Freehold
After 55 years of family ownership, this exceptional commercial property is now available! The well-established Newsagency has built a loyal customer base and benefits from significant foot traffic, making it a cornerstone of the vibrant New Norfolk township.
This commercial property in New Norfolk offers a fantastic opportunity for prospective buyers. Situated in a prime location within the bustling township, it benefits from high visibility and accessibility, making it an ideal spot for attracting customers. Currently operating as a successful Newsagency and Gift Shop, it represents a rare chance to invest in a thriving business within a tightly held commercial district.
The property is conveniently located within walking distance of iconic shops and long-standing respected businesses, enhancing its appeal. With the Derwent Valley's infrastructure developing and a rapidly growing housing market, this location is poised for continued growth. This is an exceptional investment opportunity for anyone looking to be part of this vibrant community.
This property boasts a generous floor area of 208 square meters, making it ideal for various business operations. With a land area of 405 square meters, it includes a three-bedroom apartment above and a one-bedroom apartment at the rear, plus secure off-street parking accessible via Hackett Street. Investing in this property presents an excellent opportunity to capitalize on the growing tourist and local community.
Its central location and thriving local economy promise strong returns both now and in the future. Don't miss out on this outstanding investment opportunity! Having a long lease can provide stability, and the current owner's willingness to assist during the transition can be invaluable. Contact us today to arrange an inspection or find out more about this prime commercial property.
Included Services:
• Tabacco Station - T.S.G
• Golden casket scratchies
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Property Details for 48 High St, New Norfolk

Building Type
Commercial
Land Size
405m2

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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 66.07% increase in median value, while Units have seen a 91.66% increase. As at 31 October 2024:

  • The median value for Houses in New Norfolk is $468,469 while the median value for Units is $453,449.
  • Houses have a median rent of $450 while Units have a median rent of $370.
There are currently 54 properties listed for sale, and 9 properties listed for rent in New norfolk on OnTheHouse. According to CoreLogic's data, 118 properties were sold in the past 12 months in New norfolk.

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