Retail / Commercial Premise with Vacant Land available - Middle of Narooma

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 sq. m.
Total land area approx 1008 sq m
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.