122 Wagonga Street

Narooma NSW 2546

1622 m²

Other

Currently for sale - view listing

Overview

Development Opportunity in Narooma

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