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 2,496 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 30 properties listed for sale, and 3 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in Narooma.

Suburb Insights for Narooma 2546

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Steven Hutcheson
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LJ Hooker Narooma
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.