122 Wagonga Street NAROOMA NSW 2546
$2,150,000

SUMMARY

Development Opportunity in Narooma

PROPERTY DETAILS

Price: $2,150,000
Listing Type: Residential For Sale
Property Type: Other
Bedrooms: 4
Bathrooms: 3

Method of Sale: For Sale

DESCRIPTION

Freehold Commercial Shops and Residence
Great opportunity to secure this prominent main street building with fabulous development potential. This property represents a rare opportunity to acquire a large freehold commercial asset with residence above, with an additional block and residence with access from Garvan street. (Note: Premises for sale only, not the businesses)

Features of the property.

Commercial shops street level:

ï¿½ Large commercial premises currently leased as one shop but could be two separate entities.
ï¿½ Shop 1 is 63mï¿½ plus 35mï¿½ storage.
ï¿½ Shop 2 is 165mï¿½ plus 35mï¿½ storage.
ï¿½ Good rental income
ï¿½ Great street appeal and visibility.
ï¿½ Large shop front display windows.
ï¿½ Right in the heart of the main shopping district of Narooma.
ï¿½ Private rear parking for upstairs residence and shop staff.

Upstairs Residence:

ï¿½ Two bedroom Unit with spectacular inlet and coastal views
ï¿½ Large lounge and dining area and separate front sunroom
ï¿½ 185mï¿½ floor area
ï¿½ Recently renovated Bathroom
ï¿½ Covered deck with stunning water views.
ï¿½ Currently Owner occupied

No 1 Garvan street

ï¿½ Two x 1 bedroom units
ï¿½ Large kitchens and living areas
ï¿½ Fantastic inlet views
ï¿½ Both currently rented.

Zoned E1 this property is primed for mixed commercial and residential development.