FOR SALE
$2,150,000

122 Wagonga Street
Narooma NSW 2546

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Land area: 1622m2
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Development Opportunity in Narooma

Freehold Commercial Shops and Residence
Great opportunity to secure this prominent main street building with fabulous development potential. This property represents a rare opportunity to acquire a large freehold commercial asset with residence above, with an additional block and residence with access from Garvan street. (Note: Premises for sale only, not the businesses)
Features of the property.
Commercial shops street level:
� Large commercial premises currently leased as one shop but could be two separate entities.
� Shop 1 is 63m� plus 35m� storage.
� Shop 2 is 165m� plus 35m� storage.
� Good rental income
� Great street appeal and visibility.
� Large shop front display windows.
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Property Details for 122 Wagonga St, Narooma

122 Wagonga St, Narooma is a 4 bedroom, 3 bathroom Other with 4 parking spaces. The property has a land size of 1622m2. The place is currently for sale with LJ Hooker Narooma.

Building Type
Other
Land Size
1622m2

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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 2,500 properties. Over the last 5 years, Houses in Narooma have seen a 75.64% increase in median value, while Units have seen a 90.37% increase. As at 30 November 2024:

  • The median value for Houses in Narooma is $784,954 while the median value for Units is $486,291.
  • Houses have a median rent of $505 while Units have a median rent of $420.
There are currently 43 properties listed for sale, and 4 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 112 properties were sold in the past 12 months in Narooma.

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Contact agent
Steven Hutcheson
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LJ Hooker Narooma
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