32 Blair Street, New Norfolk TAS 7140

32 Blair St New Norfolk

It is rare to find an investment that offers three tenancies on the one title. Built in 1958, 32 Blair St. in the ever popular village of New Norfolk is just such an opportunity.

The property consists of three one bedroom units, each with it's own unique layout. Unit one offers separate living and dining rooms, with views across New Norfolk. Unit two has open plan living and was painted and new carpet laid within the past five years. Unit three, which is downstairs, has just been freshly painted, recarpeted and has new window furnishings. This unit has two entrances. There is also an under-house laundry and storage area.

The units sit on a 622 square meter block and there is plenty of off-street parking. All three units are currently tenanted and together rent for $575 p/w giving an 8.5% gross return.
The area is popular with tenants as it is just 5 minutes walk to the New Norfolk town centre with shopping, medical and Government facilities. It is also close to schools and childcare. The town itself is just 25 minutes drive to Glenorchy or 35 minutes drive from the Hobart CBD.

This unique property will appeal to savvy investors looking for a good return and potential to improve.