Shop 1, 121-127 New Town Road & Part 19 Roope Street
New Town TAS 7008
- 45 Parks
EOI closing Thursday, 19 March 2026 at 4pm (AEDT)
Set‑and‑Forget Medical Asset with lease to 2031 + Options to 2041
Elders Commercial presents for sale Shop 1, 121–127 New Town Road & Part 19 Roope Street, New Town, a secure medically focussed investment underpinned by a long term lease to SANA Method. The property delivers stable healthcare income with 5.6* years remaining on the current term and further options extending through to 2041, providing potential long-term cash flow in a defensive, non-discretionary asset class.SANA Method operates three corporate owned practices across Southern Tasmania and is underway with a franchise expansion across Australia. A brand new medical fit out likely offers depreciation benefits, while shared parking and a unique income offset structure materially support net returns.
Key Investment Highlights
• Secure medical income with ~5.6 years* remaining and options to 2041, supporting a set and forget investment
• Defensive healthcare tenant with established corporate operations in Southern Tasmania and active mainland franchise expansion
• Brand new medical fit out, providing potential depreciation benefits and minimal near term capital expenditure
• Prime New Town location within a tightly held commercial strip, benefiting from strong exposure and medical co tenancy
• Excellent parking provision, including 35* shared on site car parks servicing the pharmacy, GP clinic and SANA Method at 121–127 New Town Road
• Income offset structure, with surplus parking income from 19 Roope Street applied to cover shared outgoings at 121–127 New Town Road, including building insurance
• Urban Mixed Use zoning, offering long term flexibility and future upside, subject to approval^
The property is for sale by Expressions of Interest closing Thursday, 19 March at 4pm (AEDT).
For further information or to arrange an inspection please contact George Burbury or James Black.
*Approximate
Features
General Features
- Land Area: 486sqm
- Commercial Type: Retail
- Building Area: 187sqm
- Zoning: Urban Mixed Use
- Car Spaces: 45
Can I afford Shop 1, 121-127 New Town Road & Part 19 Roope Street?
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