FOR SALE
$1,235,000

110 Wagonga Street
Narooma NSW 2546

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 284m2
Land area: 1008m2
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Retail / Commercial Premise with Vacant Land available - Mid

Commercial premise with extensive vacant land for sale - Prime Location in the heart of Narooma
This prime property offers a fantastic opportunity for existing income and future development
Centrally located, this large retail space has high turnover parking at the front door for customers and rear access for deliveries.
500 plus sqm to rear could be subdivided (STCA) without affecting the existing lease
Rear carpark would benefit rear potential development
Exclusive access from Council carpark at rear
Close to Post Office and banks in the mid - town centre
Solid tenant with secure lease until Feb 2028 with yearly 3.5% increases
Existing retail floor space approx 284.9 sqm
Total land area approx 1008 sqm
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Property Details for 110 Wagonga St, Narooma

Building Type
Commercial
Floor Size
284m2
Land Size
1008m2

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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 2,492 properties. Over the last 5 years, Houses in Narooma have seen a 74.19% increase in median value, while Units have seen a 99.19% increase. As at 31 August 2024:

  • The median value for Houses in Narooma is $763,791 while the median value for Units is $539,944.
  • Houses have a median rent of $520 while Units have a median rent of $420.
There are currently 28 properties listed for sale, and 6 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 96 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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