162 Princes HighwaySouth Nowra NSW 2541
Property Details for 162 Princes Hwy, South Nowra
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
- 07 Mar 2024Sold for $1,300,000
- 12 Jan 2024Listed for Sale Auction - 13th March 2023
- 30 Oct 2023Sold
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0About 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 2,052 properties. Over the last 5 years, Houses in South Nowra have seen a 58.69% increase in median value, while Units have seen a 33.53% increase. As at 31 October 2024:
- The median value for Houses in South Nowra is $801,919 while the median value for Units is $527,281.
- Houses have a median rent of $630 while Units have a median rent of $550.
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