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"Brownings", 14 High Street New Norfolk, TAS 7140


"Brownings", 14 High Street,
New Norfolk, TAS 7140

Shop & Retail • Showrooms & Bulky Goods • Offices

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Map of "Brownings", 14 High Street

  • Bus stops within 5 km of "Brownings", 14 High Street, New Norfolk, TAS 7140Distance
    Eagle Cafe, Hamilton Road489 m
    Hamilton Road, Opp Eagle Cafe714 m
    Hobart Road / Pioneer Ave776 m

Passive Bricks & Mortar investment offering 7.25% yield * New Norfolk

One of the most recognisable buildings in the street and referred to locally as "Browning's" holds a prime position on the roundabout within the busy New Norfolk commercial hub on High Street.

A great passive bricks & mortar invest offering 7.25% yield in New Norfolk.

Low maintenance investment that is fully leased to well know entity, Salvation Army with a current 2020, 5 - year term + 5 option.

The current Net Rental is $49,000 pa + GST with annual 2% increase and market value on exercise of each option period capped at 5%.

With a total land area measuring approximately 1016m² made up of an open plan retail / shop area of 450m² and a car parking area for 16 cars.

The building is solid brick construction and most recently housed Zap Fitness, Internally the building is in excellent condition.

Community well serviced with national retail and essential services nearby. Located 30 minutes away from Hobart, the New Norfolk Township is showing growth as the gateway to the central highlands and west coast of Tasmania.

"Browning's" offers a great investment opportunity of prime real estate in New Norfolk.

FOR SALE For $675.000

Property ID: 503355494Last Updated: 5 Aug 2020

0419 *** *** logo
"Brownings", 14 High Street
New Norfolk, TAS 7140

Agency contacts

Devine Property - HOBART
Devine Property - HOBART
119 Harrington St
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Kat Little
Devine Property - HOBART
"Brownings", 14 High Street New Norfolk, TAS 7140

I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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