By Negotiation

We are pleased to present an exceptional opportunity to purchase two commercially zoned parcels of land in the heart of New Norfolk, a rapidly growing regional township just 35km north-west of Hobart. These adjoining strata lots, with a combined footprint of approximately 206m², come with Development Approval (DA) for the reconstruction of two commercial shops. Additionally, there is significant potential to enhance the site with a two-story development, potentially including upper-level residential units, subject to obtaining new approvals.

To further maximise the potential, the vendor is offering the option to purchase their adjoining freehold investment property directly next door. This property, currently tenanted by Workskills, provides a steady income stream with future upside or development opportunities (subject to lease expiry), significantly increasing the overall footprint and scope for redevelopment across all four titles.

Key details:

* Lot 5 - 71m² Lot 6 - 135m² Lots 3-4 Workskills 230m²
* Level parcels with street frontage
* Zoned 'General Business'
* Approved plans ready to go
* Existing town water & power connections
* Located opposite Council Chambers
* Nearby businesses include Guardian Pharmacy, Total Eye Care, and Salvation Army

This rare offering is ideal for an owner-occupier seeking a bespoke commercial space or for a developer looking to capitalise on the site’s potential. With the option to secure the adjoining freehold investment property, this package offers not only immediate income but also future development upside.

Contact our team today for further details. Price by negotiation.

#yourrecipemixedforsuccess