SOLD
Sold on 07 Mar 2024 for $1,600,000

44 Princes Highway
Narooma NSW 2546

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 784m2
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Property Details for 44 Princes Hwy, Narooma

Building Type
Commercial
Land Size
784m2
Local Government
Eurobodalla
Lot/Plan
1/DP202792

Last Listing description (April 2024)

Restaurant + Wine Bar -
Fantastic Location -On the Flat at Narooma
Fully Licensed - Far South Coast

Sales Revenue $645,000 (AUD)
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

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Property History for 44 Princes Hwy, Narooma, NSW 2546

A timeline of how this property has performed in the market
Last Sold
$1,600,000
07 Mar 2024
Listed for Rent
$767/w
01 Sep 2022
  • 07 Mar 2024
    Sold for $1,600,000
  • 31 Jul 2023
    Listed for Sale $295,000
  • 02 Jun 2022
    Listed 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 2,489 properties.

    There are currently 33 properties listed for sale, and 8 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in Narooma.

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