An exceptional opportunity awaits in the heart of Narooma, offering both secure income and exciting future development potential. This expansive retail premises features excellent street exposure, high-turnover parking right at the front door, and convenient rear access for deliveries.
The generous rear section—over 500 sqm—could be subdivided (STCA) without impacting the current lease, with the rear carpark providing strong benefits for any future development. The property also enjoys exclusive access from the Council carpark at the rear.
- Long-standing tenant with a secure lease until Feb 2028, including annual 3.5% increases
- Retail floor space approx. 284.9 sqm
- Total land area approx. 1,008 sqm
- Current lease: $41,777.52/yr + GST plus outgoings (below market average)
- Includes approx. $7,072.73 land rates and $120 water rates
- Zoned E1 – Local Centre
- Lot 2 DP 396872
- Major renovation completed in 2017
- Plans available for shopfront completion, with potential to add an additional level to capture stunning northern views over the inlet and ocean (STCA)
- Unimproved land value as at 01/07/2025 = $804,000
A rare chance to secure a prime commercial holding with immediate income and outstanding future upside.
*DISCLAIMER: While Whale Coast Realty have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Whale Coast Realty urge prospective purchasers to make their own inquiries to verify the information contained herein.
