1, 2 & 3/65-67 High St, New Norfolk, TAS 7140 | Commercial for sale | OnTheHouse
 
FOR SALE
Offers over $1,450,000

1, 2 & 3/65-67 High Street
New Norfolk TAS 7140

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 308m2
Land area: 1191m2
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Diversified Retail Investment with Surplus Land - Buy Separately or in one line

RWC Tasmania is pleased to present this highly versatile retail investment opportunity, ideally positioned in the centre of New Norfolk.
Key Investment Highlights:
+ Comprising three strata-titled retail properties, available for sale individually or in one line-offering flexibility for investors
+ Fully leased across all tenancies, generating immediate income
+ Strong tenancy mix with a Weighted Average Lease Expiry (WALE) of 4.2 years as of July 2025
+ Current passing net income of approximately $104,000* + GST
+ Substantial land holding of 1,191sqm*, zoned General Business.
+ Surplus land to the rear, providing scope for future development^ and on-site parking for multiple vehicles
+ Surrounded by major national retailers including McDonald's, Woolworths, The Reject Shop, Mitre 10, Shiploads, and BWS
This is a compelling opportunity to acquire a fully leased retail asset with strong holding income and future development potential^ in a thriving regional centre.
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Property Details for 1, 2 & 3/65-67 High St, New Norfolk, TAS 7140

Building Type
Commercial
Floor Size
308m2
Land Size
1191m2
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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 2016 was 5432 people. By 2021 the population was 6037 showing a population growth of 11.1% in the area during that time. The predominant age group in New Norfolk is 30-39 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 trades occupation.In 2021, 66.10% of the homes in New Norfolk were owner-occupied compared with 62.90% in 2016.

New Norfolk has 3,138 properties. Over the last 5 years, Houses in New Norfolk have seen a 43.55% increase in median value, while Units have seen a 48.10% increase. As at 31 October 2025:

  • The median value for Houses in New Norfolk is $476,886 while the median value for Units is $459,359.
  • Houses have a median rent of $450 while Units have a median rent of $408.
There are currently 45 properties listed for sale, and 3 properties listed for rent in New norfolk on OnTheHouse. According to Cotality's data, 158 properties were sold in the past 12 months in New norfolk.

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Mia Lilley
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Claude Alcorso
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