121-127 New Town RoadNew Town TAS 7008
Property Details for 121-127 New Town Rd, New Town
Last Listing description (December 2020)
This is the first time this space has been available to the open market since construction and provides a high profile opportunity in an established retail strip location.
Large shop front and providing 155m of open plan space, plus an additional storage area of 32m. The property benefits from very generous on-site parking, shared with two other occupants of Pharmacy and Doctors Surgery.
Included with the sale is a one third share of the common property covering the car park and adjoining title to Roope Street. A very versatile space that would suit many retail applications. FOR SALE
Property History for 121-127 New Town Rd, New Town, TAS 7008
- 12 Dec 2023Sold for $1,055,000
- 21 Dec 2020Sold for $799,999
- 20 Nov 2020Listed for Sale Offers Over $850,000
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About New Town 7008
The size of New Town is approximately 4 square kilometres. It has 8 parks covering nearly 9.3% of total area. The population of New Town in 2011 was 5,968 people. By 2016 the population was 6,109 showing a population growth of 2.4% in the area during that time. The predominant age group in New Town is 30-39 years. Households in New Town are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation. In 2011, 58.2% of the homes in New Town were owner-occupied compared with 57.4% in 2016.
New Town has 3,095 properties. Over the last 5 years, Houses in New Town have seen a 27.39% increase in median value, while Units have seen a 25.10% increase. As at 31 October 2024:
- The median value for Houses in New Town is $809,021 while the median value for Units is $508,030.
- Houses have a median rent of $590 while Units have a median rent of $445.
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