Commercial premise with extensive vacant land for sale - Prime Location in the heart of Narooma
This prime property offers a fantastic opportunity for existing income and future development
Centrally located, this large retail space has high turnover parking at the front door for customers and rear access for deliveries.
500 plus sqm to rear could be subdivided (STCA) without affecting the existing lease
Rear carpark would benefit rear potential development
Exclusive access from Council carpark at rear
Close to Post Office and banks in the mid - town centre
Solid tenant with secure lease until Feb 2028 with yearly 3.5% increases
Existing retail floor space approx 284.9 sqm
Total land area approx 1008 sqm
Current lease $40,365/yr + GST plus outgoings (below market average!) (inc $6792 land rates and $120 water rates approx)
Zoned - E1- Local Centre
Lot 2 DP 396872
Major renovation in 2017. Plans for completion of shop front available to view, ability to go to another level to take in the fantastic northern views over the inlet and ocean STCA.
Call Whale Coast Realty 02 4476 2699 for more information or a contract.
