196 Penquite RoadNorwood TAS 7250
Property Details for 196 Penquite Rd, Norwood
Last Listing description (May 2019)
The owners of this well established Business and Furnished Residence are seeking interest from motivated person/s wishing to lease their profitable and fully established take away business coupled with the added bonus of living on site within the attached 3 Br brick furnished residence. Ideally suited to singles or husband and wife teams and the property close to numerous schools and public transport.
. Seeking interest now for occupancy from 1st July 2019
. Initial start up capital required is approx. $24,000 incorporating Stock at value (approx $15,000) and a 2 Month Rental Security Bond
. Large secure backyard with covered carport and separate large rear shed
. Rent $1,000pw Net plus GST for both furnished House and Business
. Numerous improvements applied over the recent year
. Move straight in and trade from day one
A secure lease period will be considered for the successful applicant/s with all Plant and Equipment inclusive (a large portion of the P & E is new with a maintenance program forming part of the lease). Internal photos to come
Contact the agent for further details
Property History for 196 Penquite Rd, Norwood, TAS 7250
- 23 Jun 2022Sold for $600,000
- 22 Apr 2019Listed for Rent - Price not available
- 02 Nov 2017Sold for $395,000
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About Norwood 7250
The size of Norwood is approximately 3.7 square kilometres. There are 10 parks, covering nearly 6.0% of the total area. The population of Norwood in 2016 was 3734 people. By 2021 the population was 3869 showing a population growth of 3.6% in the area during that time. The predominant age group in Norwood is 70-79 years. Households in Norwood are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norwood work in a professional occupation.In 2021, 75.50% of the homes in Norwood were owner-occupied compared with 77.20% in 2016.
Norwood has 1,638 properties. Over the last 5 years, Houses in Norwood have seen a 47.29% increase in median value, while Units have seen a 47.86% increase. As at 31 July 2026:
- The median value for Houses in Norwood is $756,420 while the median value for Units is $498,643.
- Houses have a median rent of $595 while Units have a median rent of $408.
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