FOR SALE
$75,000

1 Willcocks Avenue
Narooma NSW 2546

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Home by Montague- fantastic business oppurtunity in Narooma!

Discover a fantastic opportunity to secure a prime retail space and well established business in the heart of Narooma, NSW. Located at the famous Narooma Plaza, this property offers a highly sought-after location for your business. With it's high visibility and excellent foot traffic, nestled between Woolworths, Aldi, Rapley's Butchers and the Bottle shop, this homewares business is thriving but still has room for a personal touch!
Boasting a 107 sqm generous floor area, this space provides ample room to showcase your products or services and the open layout allows for flexible customization. All displays, shelves and items in the store are included in the price.
Situated in a bustling commercial space, this business is surrounded by many other well established businesses, ensuring a steady stream of potential customers. Narooma is a vibrant coastal town known for it's thriving tourism industry, making it an ideal location for retail businesses. Take advantage of the local community and the influx of visitors to maximize your business's potential.
- Great Returns - Gross Profits excellent - Books available - Excellent returns available
- 107 Sq m Floor Space + Big approx 20sq m storage room out the back to hold stock - access to loading dock
- Rental approx $4,650 per month ( inc Gst)
- Lease for additional 3 years with terms to renegotiate
- Sales of approx $325,000 per year without any up sales and no on line presence.
- Stock at Valuation (SAV) - approx $150,000
- Selling price is 2 years x profit before Tax
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Property Details for 1 Willcocks Ave, Narooma

Building Type
Commercial

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About Narooma 2546

The size of Narooma is approximately 120 square kilometres. It has 11 parks covering nearly 69.2% of total area. The population of Narooma in 2011 was 2,416 people. By 2016 the population was 2,611 showing a population growth of 8.1% in the area during that time. The predominant age group in Narooma is 60-69 years. Households in Narooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Narooma work in a trades occupation. In 2011, 68.6% of the homes in Narooma were owner-occupied compared with 69.1% in 2016.

Narooma has 2,496 properties. Over the last 5 years, Houses in Narooma have seen a 62.57% increase in median value, while Units have seen a 93.10% increase. As at 31 October 2024:

  • The median value for Houses in Narooma is $734,977 while the median value for Units is $506,222.
  • Houses have a median rent of $485 while Units have a median rent of $420.
There are currently 29 properties listed for sale, and 3 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Narooma.

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John Murray
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Whale Coast Realty
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