21 Burnett Street, New Norfolk, TAS 7140 | Property Value & History | OnTheHouse
OFF MARKET

21 Burnett Street
New Norfolk TAS 7140

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 260m2
Land area: 1649m2
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Property Details for 21 Burnett St, New Norfolk

Building Type
Commercial
Year Built
1952
Floor Size
260m2
Land Size
1649m2
Local Government
Derwent Valley
Lot/Plan
1/197175

Last Listing description (October 2023)

The subject property includes a two-storey building with a commercial restaurant on the ground floor and residential accommodation on the first floor. The building has undergone extensive refurbishment in 2004 and has a total floor area of 291 m2 with an additional 95 m2 of outbuildings and features external weatherboard walls and a galvanized iron roof.

The well-designed restaurant has seating for 45 people indoors and 45 people outdoors. It includes a front bar and reception area with timber and tile floors. The attractive dining room has excellent natural light with an operating wood fireplace and fans for added restaurant warmth and ambience during the colder months. The dining room includes a double-sided cool room that connects to both the kitchen and the front bar and is equipped with a sink, glass washer, and display cabinet.


Key features of the restaurant's kitchen include stainless steel benches and shelving, a gas stove, a combi steamer, a double stainless-steel sink and a Hobart commercial dishwasher. The kitchen has an overhead hood with four extraction fans and filters. Various sinks and hand basins are available as well. Additionally, there is rear storage and a sink with external access. There Is an operating external commercial grease trap in place.

The first floor of the building serves as residential accommodation and features a kitchen, two bedrooms, an office (or third bedroom) with a operating fireplace, a living room and a heat pump for maximum comfort. The first floor also includes a large outside balcony and front sunroom which catches the morning sun. The side door access provides an opportunity to lease the residential accommodation separately.

Externally, the property has two large outdoor areas for dining which can accommodate up to 45 people. There are male and female toilets, including an accessible toilet, and multiple storage sheds, including a garage with three roller doors, one shed, and one 20-foot container.

The rear vacant and subdivisible land# is approximately 1,152 m2 and is suitably zoned for a range of development options including medium-density residential, business and professional services including medical, storage facilities, visitor accommodation and a transport depot and distribution, all subject to Council approval.

In summary, this well-maintained property provides an opportunity to operate a restaurant on the ground floor, with residential accommodation on the first floor. Its amenities, such as the well-equipped kitchen, seating areas, outdoor dining spaces and storage sheds, make it ready-to-go for restaurant operations. The first-floor residential area provides comfortable living spaces with fireplaces and a balcony. The vacant and subdivisible land# provides the potential to undertake a substantial development on the rear vacant land.

* Approximate # STCA

Property History for 21 Burnett St, New Norfolk, TAS 7140

A timeline of how this property has performed in the market
Last Sold
$48,000
13 Jan 2003
Listed for Rent
$49k/w
13 Oct 2023
  • 13 Oct 2023
    Listed for Rent - Price not available
  • 04 Jul 2023
    Listed for Sale Price on Application
  • 06 Jan 2015
    Listed for Rent - Price not available
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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 3,150 properties. Over the last 5 years, Houses in New Norfolk have seen a 48.87% increase in median value, while Units have seen a 51.94% increase. As at 30 April 2026:

  • The median value for Houses in New Norfolk is $552,920 while the median value for Units is $496,665.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 36 properties listed for sale, and 8 properties listed for rent in New norfolk on OnTheHouse. According to Cotality's data, 175 properties were sold in the past 12 months in New norfolk.

Suburb Insights for New Norfolk 7140

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.