3/99 Ring RoadNew Norfolk TAS 7140
Property Details for 3/99 Ring Rd, New Norfolk
Last Listing description (February 2019)
LINK Business has the exclusive opportunity to offer for sale this exciting opportunity to purchase a great Self-Storage Freehold Business Located in the Derwent Valley township of New Norfolk.
This is a great opportunity to invest in a growth market. Australia wide we are seeing an increased need for 'Self Storage Sitesnthe purchase includes;19 self-storage units with a land size of 0.0327 hectares and a building area of 327.0 square meters, a security gated entrance, brick construction, and galvanized iron roof.
An affordable and solid investment with a rental income this year of $25,566 producing a net profit of $21,721.
Perfect small business for a local person to manage. The business shows a solid year on year increase in revenues and profits
Can also be completely hands-off and run under management by the local real-estate agency whilst you collect a monthly deposit into your account.
A real opportunity exists to develop this business further and achieve even greater returns.
Asking Price $230,000
A real opportunity exists to develop this business further and achieve even greater returns.
Asking Price $230,000
Contact Kat Little on 0419 422 124
Property History for 3/99 Ring Rd, New Norfolk, TAS 7140
- 31 Jan 2019Sold for $210,000
- 04 Dec 2018Listed for Sale Not Disclosed
- 16 Apr 2010Sold for $155,000
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0About New Norfolk 7140
The size of New Norfolk is approximately 18.5 square kilometres. There are 20 parks, covering nearly 9.6% of the 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 3,148 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.
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