44 Princes HighwayNarooma NSW 2546
Property Details for 44 Princes Hwy, Narooma
Last Listing description (April 2024)
Restaurant + Wine Bar -
Fantastic Location -On the Flat at Narooma
Fully Licensed - Far South Coast
Cash Flow: $164,000 (AUD) all details available with enquiry.
Discover the true taste of Italy with a modern twist. Indulge in the freshest local seafood and meats, classic Italian dishes, and a variety of vegetarian, vegan, and gluten-free options that are bursting with flavour with warm and friendly staff who treat you like family.This venue has sitting area of approx 50 patrons plus and excellent take away section and home delivery section.
The soft dining concept offers affordable prices without sacrificing quality or ambience
Premises brand new 3 years ago with fantastic atmosphere, full kitchen, and area of 154 sq. mts.
Walk in walk out opportunity. Detailed list of inclusions available.
Trading Hours - 5 days - Tuesday to Saturday 5 pm to 10 pm.
Lease 5 years lease terminates 31st October 2025 + one 5 year option - Bond $10,000.
Employees -2 owners + 1 full timer + 4 casuals
Property History for 44 Princes Hwy, Narooma, NSW 2546
- 07 Mar 2024Sold for $1,600,000
- 31 Jul 2023Listed for Sale $295,000
- 02 Jun 2022Listed for Rent $40,000 / year
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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 80.66% increase in median value, while Units have seen a 112.07% increase. As at 31 January 2025:
- The median value for Houses in Narooma is $805,026 while the median value for Units is $510,831.
- Houses have a median rent of $503 while Units have a median rent of $420.
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