48 High Street, New Norfolk, TAS 7140 sold on 12 September 2025 | OnTheHouse
SOLD
Sold on 12 Sep 2025 for $200,000

48 High Street
New Norfolk TAS 7140

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 371m2
Land area: 405m2
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Property Details for 48 High St, New Norfolk

Building Type
Commercial
Year Built
1925
Floor Size
371m2
Land Size
405m2
Local Government
Derwent Valley
Lot/Plan
1/53252

Last Listing description (July 2026)

48 High Street, New Norfolk, TasmaniaPositioned on one of New Norfolk's most prominent corner sites, this tightly held mixed-use asset presents a compelling opportunity to secure a diversified income-producing investment in one of Tasmania's fastest-growing regional centres.Occupying approximately 437m in the heart of the township's retail precinct, the property benefits from exceptional exposure, strong passing traffic and multiple established revenue streams, providing immediate holding income with scope for future value enhancement.Available as either a freehold investment or with the opportunity to acquire the long-established business, the property offers flexibility to investors, owner-occupiers and entrepreneurs seeking a secure regional asset.Investment HighlightsProminent corner location within New Norfolk's main commercial precinct.Approximately 437m site with valuable mixed-use improvements.Three established income streams.- Commercial retail premises.- One-bedroom residential flat.- Three-bedroom residential residence.- Garage and additional storage space.- Scope to enhance income through further commercial or residential utilisation (STCA).- Strong regional growth location approximately 35 minutes from Hobart.Established Business OpportunityIncluded within the offering is the option to purchase the iconic New Norfolk Newsagency, a business that has operated continuously under the same family ownership for 55 years.As the township's only dedicated newsagency, the business enjoys a loyal and established customer base together with a diversified range of services, including:TSG Tobacco StationGolden Casket ScratchiesNewspapers and home deliveryMagazinesGreeting cardsStationeryGiftwareToys and memorabiliaJewelleryParcel collection servicesAn Outstanding Regional InvestmentQuality mixed-use assets with diversified income streams and established businesses of this calibre are increasingly difficult to secure. Whether acquired as a passive investment, an owner-operated enterprise or a strategic long-term holding, 48 High Street, New Norfolk offers security of income, proven trading history and considerable future upside in a growing Tasmanian market.For Sale by Expressions of InterestFor further information or to arrange a private inspection, contact the exclusive selling agents.Disclaimer: All care has been taken by 4one4 Real Estate and 4one4 Media House when compiling the marketing material and information in this presentation. We cannot guarantee the accuracy of any measurement or details supplied in this advertisement and make no representation or accept any responsibility for the whole or part of this advertisement.The particulars contained in this advertisement do not form any contract. We recommend that any interested parties should have the information independently verified and make their own enquires to satisfy themselves in all respects. All photos, video and marketing material remain the property of 4one4 Media House, a division of 4one4 Real Estate, and are not to be downloaded and used for any purpose without the express consent and written permission of 4one4 Real Estate.

Property History for 48 High St, New Norfolk, TAS 7140

A timeline of how this property has performed in the market
Last Sold
$200,000
12 Sep 2025
  • 23 Jul 2026
    Listed for Sale Expressions of Interest
  • 23 Mar 2026
    Listed for Sale Business Only - 100,000 + SAV
  • 10 Dec 2025
    Listed for Sale Business Only - 150,000 + SAV
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About 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 3,158 properties. Over the last 5 years, Houses in New Norfolk have seen a 37.59% increase in median value, while Units have seen a 20.51% increase. As at 31 July 2026:

  • The median value for Houses in New Norfolk is $576,634 while the median value for Units is $476,133.
  • Houses have a median rent of $535 while Units have a median rent of $450.
There are currently 28 properties listed for sale, and 9 properties listed for rent in New norfolk on OnTheHouse. According to Cotality's data, 188 properties were sold in the past 12 months in New norfolk.

Suburb Insights for New Norfolk 7140

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Cotality Copyright and Legal Disclaimers about Property Data
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.