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Knight Frank - Launceston

171-173A Elphin Road Newstead, TAS 7250


171-173A Elphin Road,
Newstead, TAS 7250

Shops & Retail • Offices

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Knight Frank - Launceston
Fletcher Seymour
Cale Ayres

Knight Frank - Launceston

54 Cameron Street
Knight Frank - Launceston
171-173A Elphin Road
Newstead, TAS 7250

Map of 171-173A Elphin Road

  • Bus stops within 5 km of 171-173A Elphin Road, Newstead, TAS 7250Distance
    Stop 7, No.154 Elphin Road81 m
    10 Hoblers Bridge Rd98 m
    Stop 8, No.161 Elphin Rd110 m
    19a Penquite Rd277 m
    22 Penquite Rd294 m

Fully Leased Multi-Tenanted Investment - Blue-Chip Suburban Retail Strip

  • Net income of $94,276*
  • WALE of 2 years* providing flexibility
  • High exposure site
Knight Frank is delighted to offer to market a fully leased asset in a blue-chip retail strip.

Comprising three tenancies in a tightly held location, 171-173a Elphin Road offers investors a diversified tenancy mix with ample off-street parking. The property lends itself to a variety of alternate uses including medical (STCA).

The property has high exposure to Elphin Road, and benefits from surrounding businesses including Coles, Zap Fitness, Newstead Medical Centre, Newstead Hotel and 9/11 Bottle Shop.

Key features of the property include:

- Net income of $94,276*
- WALE of 2 years* providing ultimate flexibility
- Varity of alternate usage including medical (STCA)
- 7* off street carparks
- Proximity to national tenants
- High volumes of foot and vehicle traffic
- Long standing tenants
- Great signage options for tenants

For further details or to inspect, please contact Fletcher Seymour or Cale Ayres of Knight Frank.


Property ID: 504518456Last Updated: 15 Apr 2024

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