95 New Town Road
New Town, TAS 7008

Overview

10 self contained apartments with rental and stratum upside

Located in one of Hobart's most sought-after inner suburbs, 95 New Town Road offers a unique opportunity that combines heritage charm with modern convenience. This property is less than four kilometers from the Hobart CBD, providing excellent connectivity with a major bus route right at the doorstep and easy access to the Brooker Highway, making the greater Hobart area easily accessible.

The location promotes a walkable lifestyle, making it highly appealing to tenants. A short, level walk leads to New Town Plaza, local favorites like Jackman & McRoss bakery, and a variety of specialty retailers, cafes, medical services, and everyday amenities. This convenience is a significant factor in maintaining strong tenant demand and long-term appeal for owners.

Key features include:

• Fully tenanted with a historical vacancy rate of virtually 0%.
• Spacious, light-filled apartments featuring high ceilings and generous proportions, complemented by attractive architectural details.
• Located under 4 kilometers from the Hobart CBD with a bus route almost at your doorstep.
• Close proximity to New Town Plaza, specialty cafes, and essential services.
• Beyond the rental yield, there is potential for significant capital growth by establishing a stratum through the block and selling the units individually (subject to council approval).

This property represents an exceptional investment opportunity in a high-demand area, combining both immediate rental income and long-term capital growth potential.

Change History

Location