122 Wagonga Street, Narooma NSW 2546

$2,465,000

4 beds

3 baths

4 parking

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 63m� plus 35m� storage.
� Shop 2 is 165m� plus 35m� 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
� 185m� 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.

Property Details

• Type: Other
• Bedrooms: 4
• Bathrooms: 3
• Garage Spaces: 4
• Land Area: 1,622 m² (approx)