OFF MARKET

153 Princes Highway
Narooma NSW 2546

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7154m2
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Property Details for 153 Princes Hwy, Narooma

153 Princes Hwy, Narooma is a 0 bedroom, 0 bathroom House. The property has a land size of 7154m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
House
Land Size
7154m2
Local Government
Eurobodalla
Lot/Plan
1/DP1007658

Last Listing description (December 2022)

The Phone Code for this property is: 88269. Please quote this number when phoning or texting.

Tara Medical Village Motel at 153 Princes Highway Narooma is the best medium density re-development site on the entire South Coast, ripe now or land banked for later.

To sweeten this already juicy bone Tara enjoys a passing income from affordable housing for veterans, the aged and the disabled while you make your plans.

Located on the Princes Highway at Narooma and having a three street frontage this 7152 sqm site is perfectly contoured and regularly shaped for maximising content while minimising cost.

Its perfect amenity is guaranteed being located on the ridgeline between the two commercial sections of the town.

Zoned medium density residential it affords top building site, amenity and views.

Currently Tara comprises 6 major buildings, all renovated & refurbished in 2018 being

(a) 3 residential buildings totalling 1 x 5BR ocean view penthouse, 3 x 2 bedroom fully self-contained apartments, 16 x 1 bedroom fully self-contained apartments and 4 ensuite staff bedrooms;

(b) a fully equipped 100 seat restaurant with large commercial kitchen, private function area and and bar all with accessible entry plus laundry, store and workshop under.

(c) a stand alone conference room with toilet and kitchen amenities and accessible entry.

(d) a second stand alone conference room/chapel with 2 side wing ensuite support bedrooms with amenities and accessible entry.

(e) a 70 vehicle car park with multiple entrances & bus parking bay.

This fully operational complex includes all furniture, furnishings, fixtures and equipment and is easily self managed.

Due to age and deteriorating health the owner seller must pass the baton of opportunity to the next strong performer.

Only serious, self qualifying and self identifying enquiry is invited.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property History for 153 Princes Hwy, Narooma, NSW 2546

A timeline of how this property has performed in the market
Last Sold
$6,050,000
02 Jun 2021
  • 02 Jun 2021
    Sold for $6,050,000
  • 10 Jul 2019
    Listed for Sale $6,750,000
  • 22 Oct 2018
    Listed for Sale $5,000,000
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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 2,490 properties.

    There are currently 32 properties listed for sale, and 10 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Narooma.

    Suburb Insights for Narooma 2546

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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.