122 Wagonga Street NAROOMA, NSW 2546
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:
• Large commercial premises currently leased as one shop but could be two separate entities.
• Shop 1 is 63m² plus 35m² storage.
• Shop 2 is 165m² plus 35m² storage.
• Good rental income
• Great street appeal and visibility.
• Large shop front display windows.
• Right in the heart of the main shopping district of Narooma.
• Private rear parking for upstairs residence and shop staff.
Upstairs Residence:
• Two bedroom Unit with spectacular inlet and coastal views
• Large lounge and dining area and separate front sunroom
• 185m² floor area
• Recently renovated Bathroom
• Covered deck with stunning water views.
• Currently Owner occupied
No 1 Garvan street
• Two x 1 bedroom units
• Large kitchens and living areas
• Fantastic inlet views
• Both currently rented.
Zoned E1 this property is primed for mixed commercial and residential development.
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Information about this Property
- Listed on
- Last updated
- Property typeOther
- Block size1622m² (approx)
- Bedrooms4
- Bathrooms3
- Parking spaces4
- Land value$912,000 (2022)
- Stamp duty$120,877
- Rates$2,808
Sales History for 122 Wagonga Street NAROOMA, NSW 2546
The Other at 122 Wagonga Street NAROOMA, NSW 2546 has been sold 1 time before, with the most recent sale being for $670,000 on 20 November 2006.
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Local Neighbourhood
122 Wagonga Street NAROOMA, NSW 2546 has 2 schools within 5 kilometres, with the closest being Narooma Public School.
About Narooma
122 Wagonga Street is located within the suburb of Narooma, which has a population of 2,605, a median age of 57 and an average household density of 1.9 people.
- 2605Population
- 57Median Age
- 1.9Avg. Household Size