34a & 34b Burnett Street New Norfolk TAS 7140

RWC Tasmania is excited to present this multi-tenanted, strip retail investment for sale, located in the high-growth municipality of New Norfolk. This property offers a fantastic entry-level commercial investment opportunity with potential for future rental growth.

The property is 100% leased to five (5) mixed-use tenants, anchored by the significant national food operator, Subway. The property has a passing net rental of $77,547* + GST, with tenants responsible for all statutory outgoings.

With a high-exposure corner location in the main New Norfolk retail strip, the property enjoys excellent visibility and access, making it an attractive investment for any buyer. The diverse tenant mix provides a de-risked investment, and there is potential for further rental growth through prudent management.

Situated on 481 sqm* of land, there is also potential for strata subdivision and sale, offering further opportunities for value creation. New Norfolk is a rapidly growing area with strong demand for retail, making this an ideal property for those looking to capitalise on the region's growth.

For more information or to arrange an inspection, please contact the undersigned agents.

*Approximately
^Subject to Council Approval