sold.

44 Princes Hwy, Narooma

Sold

Generational Landholding With Development Potential (STCA).

Description.

Greenlees Property is pleased to present 44 Princes Highway, Narooma for sale via Expressions of Interest campaign (EOI).

 

44 Princes Highway, Narooma occupies an irreplaceable freehold position, conveniently located in a vibrant main street location close to supermarkets, cafes and boutiques and offers huge exposure via frontage to the Princes Highway.

 

  • Irreplicable freehold in commanding position in vibrant main street location
  • Current Rental Income: $92,064.36pa (NET) with annual CPI reviews
  • Directly opposite BIG4 Narooma East’s Holiday Park
  • Large 784sqm landholding with dual frontages
  • Attractive E1 Local Centre zoning, maximum building height 11.5 metres
  • Incredible future potential including commercial premises, shop top housing & tourist accommodation (STCA)
  • Diverse holding income profile

 

The property is comprised of a single storey retail building with a lettable area of 350 sqm currently configured as three (3) tenancies including La Bocca Italian Restaurant, Seaside Collective and Cascades Hair Design, each accessible from the footpath along the Princes Highway and with parking on site at the rear.

 

44 Princes Highway, Narooma is for sale by Expressions of Interest closing Wednesday 31 January 2024 at 3:00PM (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Greenlees Property.

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Property Details.

Address 44 Princes Hwy, Narooma
Price SOLD
Property Type Commercial
Property ID 60
Category Retail, Showrooms/Bulky Goods, Land/Development
Land Area 784 m2
Availability Sold

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