Property Type: Warehouse, Factory & Industrial
Municipality: Derwent Valley Council
Zoning: Commercial
Land Area: 327 m²
Building Area: 327 m²
Car Spaces: 20 (including 19 dedicated to storage units)

Key Features

• 19 self-storage units under freehold title
• Net profit: Approx. $16,000 per annum (FY24)
• Net yield: 5.4% at $295,000 asking price
• Rental income FY24: $25,649
• Low-maintenance, high-occupancy facility
• Established demand from local residents and trades
• Secure gated site with brick construction and galvanised iron roofing
• Opportunity for expansion (containers or reconfiguration)
• Currently under management with monthly income distributions

Key Highlights

This freehold self-storage facility represents a secure and affordable commercial opportunity in the fast-growing New Norfolk region. Situated in the Ring Road light-industrial precinct, the property comprises 19 lock-up storage units on a 327 m² title and delivers a consistent net income of approximately $16,000 per year.

Demand for self-storage continues to rise nationwide, driven by population growth, downsizing, and increasing storage needs for trades and small businesses.

With minimal outgoings and reliable management already in place, this property offers a truly passive opportunity with tangible land backing and potential for future growth.

The Opportunity

• Ideal for buyers seeking passive income and capital appreciation
• Minimal management required – currently handled by a local real estate agency
• Potential to enhance returns through expansion or rate adjustments
• A solid and affordable entry into the commercial property market

Location:

Unit 3, 99 Ring Road, New Norfolk, Tasmania 7140
A central and accessible position within a growing light industrial and trade precinct, only 35 minutes from Hobart.

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