Strategically located just a short walk from the New Norfolk town centre and the beautiful River Derwent, 1 Bridge Street offers a standout investment opportunity delivering strong income, stable tenancies and genuine scope for future growth.This well-configured property comprises three units, each offering its own appeal:Rental & Layout SummaryUnit 1 – 1 Bedroom: $250/week – leased until August 2026Unit 2 – 3 Bedrooms: $400/week – leased until August 2026Unit 3 – 4 Bedrooms (Rear Townhouse): Estimated $500/week once re-letThe two front units are complemented by a shared two-car carport, providing valuable off-street parking and enhancing long-term tenant convenience.Unit 3, positioned privately at the rear, stands out with its townhouse-style configuration—living areas on the ground floor and bedrooms upstairs capturing elevated river views. This scenic outlook significantly boosts its rental desirability and lifestyle appeal.The front units, meanwhile, offer practical, low-maintenance living ideal for long-term occupancy. The 1-bedroom flat has been a reliable performer for years, while the 2-bedroom unit continues to attract strong interest thanks to its functional layout and proximity to town amenities.With a combined gross income potential of $1,150/week, the property already performs well. However, there is clear opportunity to increase value and rental return with cosmetic improvements—fresh paint, new carpet and minor bathroom updates would elevate presentation across all three dwellings.Set within walking distance of shops, caf&aecute;s, services, transport and the riverfront, this address benefits from ongoing tenant demand and positions itself as a smart, future-proof addition to any investment portfolio.Opportunities like this are rare—contact Simon or Nitin today to secure your inspection and avoid missing out on this exceptional investment.The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
This appears to be a modest mid‑century multi‑unit apartment block with functional, vernacular detailing rather than architect‑designed distinction. It has some value in its riverside location and elevated siting but lacks original design ambition, decorative craftsmanship or clear heritage significance.
Key Architectural Features
brick and timber weatherboard constructionbreeze-block balcony balustradecorner site / aerial river viewsground-level carportraised/elevated site with retaining wallsmulti-unit apartment configuration (unit entry labelled '1')
