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Overview
7 / 26 Princes Highway
This unique property offers a rare blend of established commercial income alongside comfortable residential living, situated on a prominent corner block in a busy, flat area of Narooma. Its prime location provides excellent exposure and easy accessibility, making it an ideal investment opportunity or a versatile option for owner-occupiers.
The property comprises multiple income-generating components, including two commercial shops and two residential units, all leased to long-term tenants, ensuring reliable and diversified rental returns.
Key Features:
- Shop 1: Narooma Thai Restaurant – 130 sqm
Fully equipped with a commercial kitchen and dining area, this shop is a popular dining destination in town. It is leased to a long-standing tenant with a current lease until June 2026, generating $850 per week. - Shop 2: Songbee – 71 sqm
This well-known retail space serves the local community and provides another stable tenancy. The lease runs until July 2026, with rental income of $400 per week. - Unit 1: 2 Bed, 2 Bath Residential Unit – 106 sqm
A spacious upstairs apartment featuring new flooring, offering comfortable long-term living or additional rental income. The lease is in place until June 2026, with rent of $300 per week. - Unit 2: 2 Bed, 1 Bath Residential Unit – 79 sqm
Another upstairs unit with a functional layout and bright, light-filled spaces. This unit is leased until June 2026, generating $240 per week.
Parking & Access: The property includes four dedicated car spaces for tenants, including a secure lock-up single garage, plus additional strata parking available for customers.
Location & Exposure: Positioned on a highly visible corner block in a flat, high-traffic area, the property benefits from excellent passing trade and convenient access for both commercial and residential occupants.
This investment offers multiple income streams, combining the security of established commercial tenants with the flexibility of modern residential units. The long-term leases in place and the prime location make this a standout opportunity within Narooma's commercial precinct.
Additional Information:
Council Rates: Approximately $4,907.19 per annum
Strata Rates: Approximately $3,893.75 per quarter
The property features air conditioning, a remote garage, secure parking, a shed, and built-in wardrobes, enhancing its appeal and functionality.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Narooma NSW 2546
Market Insights for Narooma NSW 2546
Other properties in this postcode
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