SOLD
Sold on 12 Sep 2023 for $2,440,000

88 Junction Street
Nowra NSW 2541

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 512m2
Land area: 405m2
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Sold By
Geoff Sinclair
BURGESS RAWSON SYDNEY
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Property Details for 88 Junction St, Nowra

Building Type
Commercial
Floor Size
512m2
Land Size
405m2
Local Government
Shoalhaven
Lot/Plan
1/DP339139

Last Listing description (September 2023)

Burgess Rawson is pleased to offer to the market Cotton On, 88 Junction Street, Nowra (South Coast) NSW for sale via our Investment Portfolio Auction 163.

This investment has the following key investment highlights:

+ Renewed lease to 2026 plus options to 2032 (tenant in occupancy for 13+ years)

+ Cotton On Group: global fashion icon with a 32+ year history and over 1,500 stores in 22 countries. Revenues estimated in excess of $1.5 billion*
+ Compounding fixed 3% annual rent increases ensuring long term rental growth
+ Extensive tenant CapEx and investment into the property
+ Versatile 411sqm* freehold landholding accompanied by a 479sqm* building across two levels
+ Strategically located in Nowra's CBD across form Chemist Warehouse and close to ALDI, Woolworths, Coles and Nowra Mall, Junction Street is positioned off the Princes Highway, which experiences 74,000+* vehicles passing daily
+ Nowra: sought after NSW South Coast location with a greater population of 34,000+* people, 160km south of Sydney. The population of Shoalhaven is expected to grow more than 30% to 142,936* people by 2051
+ Net Income: $167,429 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 12 September 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information
*Approx

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Property History for 88 Junction St, Nowra, NSW 2541

A timeline of how this property has performed in the market
Last Sold
$2,440,000
12 Sep 2023
  • 12 Sep 2023
    Sold for $2,440,000
  • 15 Aug 2023
    Listed for Sale Contact Agent
  • 09 Jun 2010
    Sold for $1,580,000
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About Nowra 2541

The size of Nowra is approximately 9 square kilometres. It has 33 parks covering nearly 18.7% of total area. The population of Nowra in 2011 was 9,256 people. By 2016 the population was 9,177 showing a population decline of 0.9% in the area during that time. The predominant age group in Nowra is 50-59 years. Households in Nowra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nowra work in a community and personal service occupation. In 2011, 52.3% of the homes in Nowra were owner-occupied compared with 49.9% in 2016.

Nowra has 6,213 properties. Over the last 5 years, Houses in Nowra have seen a 51.49% increase in median value, while Units have seen a 34.94% increase. As at 31 July 2024:

  • The median value for Houses in Nowra is $617,088 while the median value for Units is $427,262.
  • Houses have a median rent of $510 while Units have a median rent of $390.
There are currently 25 properties listed for sale, and 22 properties listed for rent in Nowra on OnTheHouse. According to CoreLogic's data, 233 properties were sold in the past 12 months in Nowra.

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