41 Forster StreetNew Town TAS 7008
Property Details for 41 Forster St, New Town
Last Listing description (February 2010)
INVESTMENT WITH OPPORTUNITY TO ADD VALUE - NEW TOWN, TASMANIA
RAINE & HORNE HOBART IS DELIGHTED TO OFFER FOR SALE A HIGH PROFILE INVESTMENT OPPORTUNITY INCORPORATING SCOPE TO ADD VALUE.
FEATURING A PROMINENT CORNER POSITION CLOSE TO A MAJOR TRAFFIC INTERSECTION, THE PROPERTY IS SURROUNDED BY NATIONAL SUPERMARKET COMPLEXES, SPECIALITY RETAILERS AND FOOD/HOSPITALITY PREMISES.
OFFERED SUBJECT TO A NEW 5 YEAR LEASE FOR THE RESTAURANT COMPONENT AT AN INITIAL RENTAL OF $93,600 PER ANNUM PLUS OUTGOINGS, THIS OFFERING PROVIDES A RARE OPPORTUNITY TO ACQUIRE A WELL POSITIONED COMMERCIAL INVESTMENT WITH GENUINE AND IMMEDIATE SCOPE TO ADD VALUE.
RAINE AND HORNE HOBART HAVE BEEN INSTRUCTED BY THE VENDOR TO OFFER THE PROPERTY FOR SALE BY PRIVATE TREATY. THE VENDOR IS SEEKING OFFERS AROUND $1,500,000 EXCLUSIVE OF GST.
Property History for 41 Forster St, New Town, TAS 7008
- 06 Jul 2020Sold for $1,700,000
- 17 Jun 2015Sold for $1,160,000
- 29 Aug 2013Listed for Rent - Price not available
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0About New Town 7008
The size of New Town is approximately 4.0 square kilometres. It has 8 parks covering nearly 9.3% of 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 3,092 properties. Over the last 5 years, Houses in New Town have seen a 18.30% increase in median value, while Units have seen a 16.62% increase. As at 31 January 2026:
- The median value for Houses in New Town is $867,870 while the median value for Units is $488,545.
- Houses have a median rent of $600 while Units have a median rent of $500.
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