Sunday, May 5, 2019

Job done and on the market

Now fully occupied, New Norfolk's former Woolworths
supermarket is up for sale.
NOW fully tenanted, New Norfolk's redeveloped former Woolworths building has been put up for sale.

Edwards Windsor Hobart is offering the building for sale by expression of interest, closing on May 24.

Built in 1983 and operating as a supermarket until 2015, the property was vacated when the new Woolworths opened across the road in George St. In 2017 it was announced that the building would be divided into three smaller tenancies, to be occupied by a discount store, bottleshop and gymnasium.

After an extensive refurbishing and extending of the building, the discount variety store Shiploads opened in October 2018, the 9/11 Bottleshop opened in March this year, and Zap Fitness is due to relocate from its High St premises on May 13.

The selling agent says the building has an area of about 1835 square metres, while the property itself is about 6825 sqm, situated on three titles, including about 125 car parking spaces.

Three tenants now occupy the building.
"The three tenants, Shiploads, Zap Fitness and 9/11 Bottleshop, pay a total annual rental of $300,000, plus all outgoings, with lease terms of between seven and 10 years from early 2019," the real estate listing says. "The property is situated on a prominent corner location, in the premium commercial hub of New Norfolk, with significant national tenants adjacent: Woolworths, McDonalds and Mitre 10."

The building is on the corner of George and Charles streets and its address is 17-21 Charles St, but the property itself has frontages and access from Burnett and Leatham streets as well as George and Charles streets.

Other major sites presently on the market in New Norfolk include:


The redeveloped and extended former supermarket.



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