191 New Town Road, New Town, TAS 7008 | Property Value & History | OnTheHouse
 
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191 New Town Road
New Town TAS 7008

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1498m2
Land area: 6186m2
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Property Details for 191 New Town Rd, New Town

Building Type
Commercial
Year Built
1884
Floor Size
1498m2
Land Size
6186m2
Local Government
Hobart
Lot/Plan
1/37218

Last Listing description (January 2011)

The Grain Restaurant
High profile location in busy New Town opposite Coles, Centro Shopping Centre and Pizza Hut.
Formerly trading as the Maypole Hotel the premises was expertly refurbished at a cost of some $160,000 and re-opened as The Grain in January 2009.

Includes a bistro dining area seating 80, commercial kitchen, separate lounge bar with outdoor deck, function room, offices, 2 bedroom manager s flat and plenty of parking. In addition there is a large basement kitchen with a huge array of equipment which is ideal for catering.
Restaurant turnover was around $800,000 for the 12 months to May 2010.
19 year Lease available.
Originally offered for sale at $350,000 the business is now available for the value of its plant & equipment only at $105,000.

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Property History for 191 New Town Rd, New Town, TAS 7008

A timeline of how this property has performed in the market
Last Sold
$8,000,000
11 Jun 2021
  • 11 Jun 2021
    Sold for $8,000,000
  • 20 May 2010
    Listed for Sale Not Disclosed
  • 31 Oct 2008
    Listed for Sale Not Disclosed
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About New Town 7008

The size of New Town is approximately 4.0 square kilometres. There are 8 parks, covering nearly 9.3% of the total area. The population of New Town in 2016 was 6122 people. By 2021 the population was 6781 showing a population growth of 10.8% in the area during that time. The predominant age group in New Town is 20-29 years. Households in New Town are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation.In 2021, 56.80% of the homes in New Town were owner-occupied compared with 57.40% in 2016.

New Town has 3,096 properties. Over the last 5 years, Houses in New Town have seen a -2.46% decrease in median value, while Units have seen a 12.18% increase. As at 31 August 2026:

  • The median value for Houses in New Town is $864,401 while the median value for Units is $540,519.
  • Houses have a median rent of $675 while Units have a median rent of $513.
There are currently 4 properties listed for sale, and 3 properties listed for rent in New town on OnTheHouse. According to Cotality's data, 96 properties were sold in the past 12 months in New town.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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