SOLD
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Sold on 07 Mar 2024 - Price Unavailable

162 Princes Highway
South Nowra NSW 2541

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 360m2
Land area: 1335m2
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Property Details for 162 Princes Hwy, South Nowra

Building Type
Commercial
Floor Size
360m2
Land Size
1335m2

Last Listing description (March 2024)

Highway frontage opposite of Bunnings, this position takes advantage of the growth corridor at South Nowra with excellent exposure.

Situated on 1,335 sqm, the commercial premises comprises a showroom and warehouse with an estimated area of 360 sqm, set behind the warehouse is a 2 bedroom brick and fibro residence.

Direct access from the south bound lanes of the Princes Highway and surrounded by national brand businesses.

Invest/ Occupy or Develop
Lease Details: (Shoalshade Pty Ltd)
Commenced 20/12/2018 to 19/12/2021 + 3 year option
Currently in option period 20/12/2021 to 19/12/2024
Current rent $66,000 PA
Note: Business not for sale

Property History for 162 Princes Hwy, South Nowra, NSW 2541

A timeline of how this property has performed in the market
Last Sold
07 Mar 2024
Listed for Rent
$290/w
28 Aug 2015
  • 07 Mar 2024
    Sold for $1,300,000
  • 12 Jan 2024
    Listed for Sale Auction - 13th March 2023
  • 30 Oct 2023
    Sold
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About South Nowra 2541

The size of South Nowra is approximately 8.9 square kilometres. It has 7 parks covering nearly 29.6% of total area. The population of South Nowra in 2011 was 1,019 people. By 2016 the population was 1,911 showing a population growth of 87.5% in the area during that time. The predominant age group in South Nowra is 0-9 years. Households in South Nowra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Nowra work in a trades occupation. In 2011, 65.4% of the homes in South Nowra were owner-occupied compared with 68.5% in 2016.

South Nowra has 2,075 properties. Over the last 5 years, Houses in South Nowra have seen a 57.01% increase in median value, while Units have seen a 46.63% increase. As at 30 November 2024:

  • The median value for Houses in South Nowra is $799,989 while the median value for Units is $590,385.
  • Houses have a median rent of $630 while Units have a median rent of $550.
There are currently 14 properties listed for sale, and 4 properties listed for rent in South nowra on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in South nowra.

Suburb Insights for South Nowra 2541

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Contact agent
Shane Hilaire
Show contact details
Ray White Berry
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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.