34 Lower Road, New Norfolk, TAS 7140 | Commercial for sale | OnTheHouse
 
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34 Lower Road
New Norfolk TAS 7140

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Land area: 7443m2
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Outstanding Investment Opportunity - This is the whole package!

Discover a Unique Hospitality Gem in New Norfolk
Nestled in the heart of New Norfolk, just 32 km from Hobart and a short 24 km drive from the renowned MONA museum, this historic property offers an extraordinary opportunity for savvy investors. Originally built in 1961 as nurses' quarters for the Royal Derwent Hospital, the site has been transformed into a charming 3.5-star hotel, ready to impress.
Property Highlights:
- Prime Location: Easily accessible for both leisure and business travelers, located within a vibrant regional hub.
- Spacious Accommodation: Approximately 60 rooms in a variety of configurations, including single rooms, 1- and 2-bedroom self-contained ensuite units,backpacker rooms and a top-floor self-contained unit with premium features.
- Guest-Centric Amenities:
- Welcoming reception area, spacious lobby, guest lounge with picturesque views, breakfast/dining room, and a billiard room.
- Gymnasium, guest laundry, and lift for added comfort and convenience.
- Kitchens and laundry facilities on each floor for ensuite room guests.
- Manager's Residence: Onsite accommodation ensures seamless operation.
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Property Details for 34 Lower Rd, New Norfolk

Building Type
Commercial
Land Size
7443m2
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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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Craig Bellgrove
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Leanne Masters
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