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43 George Street, New Norfolk$1.75m
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For Saleapartment

43 George Street

New Norfolk, TAS 7140, Australia
$1.75m
22 bed 10 bath 10 car2670 m²

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About this property

43 George Street, New Norfolk, presents a rare opportunity to acquire a well-established real estate asset with significant potential. This expansive property features 22 guest rooms, thoughtfully designed to accommodate a variety of guests comfortably. This property is being sold as real estate only and can be utilised in many ways The property includes multiple communal living spaces that encourage relaxation and social interaction, ideal for guests seeking a welcoming and comfortable environment. Complementing these are kitchens and bathrooms distributed throughout the property, ensuring convenience and accessibility for guests. Two fully equipped commercial kitchens are a standout feature, offering the capability to support extensive food preparation and catering demands. These kitchens provide a flexible foundation for a range of hospitality uses or further property development. Outdoors, the property boasts inviting beer gardensperfect for entertaining and social gatherings in a serene setting. The established grounds surrounding the motel add to its appeal, featuring mature landscaping that enhances the overall ambiance while providing privacy and tranquility. The property is very close to the Main Street of New Norfolk, just a few steps from Woolworths, McDonald's and local shopping and medical facilities This offering is strictly for the sale of the real estate, presenting a distinctive investment opportunity for those interested in owning a versatile and sizable hospitality property in the heart of New Norfolk. With its strong infrastructure and unique features, 43 George Street has the potential to be transformed into a distinguished accommodation destination or adapted to suit diverse commercial ambitions. Interested- contact Craig on 0488 013 965 or Leanne on 0408 128 325 All efforts have been made to ensure the accuracy of the information provided regarding this property. Buyers should independently satisfy themselves with the accuracy of all matters stated before deciding to purchase. More Real Estate accepts no liability or responsibility for claims arising from a reliance on the information contained herein.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
22
Bathrooms
10
Parking
10
Land Area
2670 m²
Listed
1 week ago

Repayment calculator

$8,484/month
$4,242 /fortnight
Loan $1,400,000 at 6.10% over 30 years

Upfront costs

Deposit$350,000
Stamp duty$73,935
Conveyancing (est.)$2,000
Total upfront$425,935
Verify with TAS revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in New Norfolk

This 22-bedroom apartment in New Norfolk, TAS 7140 sits within reach of public transport, local shops and nearby schools. It is listed 254% above the $495,000 median of 53 comparable apartmentswithin 5 km.

Schools near New Norfolk

  • Fairview Primary Schoolprimary · K-6 · CoEd
  • New Norfolk Primary Schoolprimary · K-6 · CoEd
  • St Brigid's Catholic Schoolprimary · Prep-6 · CoEd
  • Indie School - Glenorchy (New Norfolk Campus)secondary
  • New Norfolk High Schoolsecondary · 7-12 · CoEd

What's nearby

  • Unnamed (bus)792 m away
  • New Norfolk Exhaust Centre65 m away
  • Unnamed204 m away
  • Ellis Dean Reserve208 m away
  • Lees Corner254 m away

New Norfolk at a glance

Full suburb profile
Population
6,037
Median age
40
Household income
$1,112/wk
Median rent
$290/wk
Median mortgage
$1,127/mo

Source: ABS Census.

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Suburb market

Suburb price trend

New Norfolk price trend

Median sold · House 3 bed

Compound growth +3.2% / yr over 4 yrs

$521kcurrent median

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