184 Princes Highway

South Nowra NSW 2541

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Sold on 24 Oct 2023

184 Princes Highway South Nowra NSW 2541

Showrooms / Bulky Goods
3,758 m²
Sold

100% Leased Large Format Retail Centre Investment 10,277sqm* 'Golden Mile' Landholding

Burgess Rawson is pleased to offer to the market 184 Princes Highway, South Nowra NSW for sale via our Investment Portfolio Auction 164.

The property has the following key investment highlights:

+ Longstanding 13+ year occupancy to The Salvation Army
+ Salvation Army: international charitable organisation operating in 133 countries with 350+ stores throughout Australia
+ Renewed 5 year lease to Pacific Furniture to 2028 plus option to 2033 (19+ year occupancy in same location)
+ Pacific Furniture: leading furniture retailer with 15 locations across NSW and Victoria
+ New 5 year lease to Nowra Motorcycles to 2027 plus option to 2032
+ Nowra Motorcycles: Nowra's premier Honda and Husqvarna dealer in business for over 40 years
+ Desirable CPI annual rent reviews
+ High profile 1ha* Princes Highway landholding near Bunnings, JB Hi-Fi, Harvey Norman, Rebel & Anaconda
+ Improved with a substantial 3,758sqm* large format retail showroom across three buildings with parking for 73+ vehicles
+ Excellent 58 metres* of frontage to Princes Highway currently experiencing 74,000+*** vehicles passing daily
+ South Nowra: South Coast location part of the Shoalhaven region with a population of 142,939+ people forecast to grow 30% by 2051**
+ Net Income: $458,983 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 24 October 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*approximate
**profile.i.d
***transport.nsw.gov.au

AUCTION

Auction date and time	24/10/2023 10:30
Auction location	Yallamundi Rooms, Sydney Opera House

Burgess Rawson Sydney

Level 11.02, 9 Castlereagh Street

Sydney, NSW 2000

Property Highlights

Date Sold	24 Oct 2023
Floor Area	3,758 m²
Land Area	1.03 ha
Parking	Ask Agent
Property ID	2018795467
Category	Showrooms / Bulky Goods Factory, Warehouse & Industrial Shop & Retail
Last updated	25 Oct 2023

Map for 184 Princes Highway South Nowra NSW 2541

Nearest transport* to 184 Princes Highway South Nowra NSW 2541

Bus

Train

Tram

Ferry

Central Av Before Princes Hwy	162 m
Princes Hwy Before Central Av	204 m
Central Av After Princes Hwy	206 m
Princes Hwy After Central Av	216 m

*Within a 4km radius

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Burgess Rawson Sydney

Level 11.02, 9 Castlereagh Street

Sydney, NSW 2000

Property Highlights

Date Sold	24 Oct 2023
Floor Area	3,758 m²
Land Area	1.03 ha
Parking	Ask Agent
Property ID	2018795467
Category	Showrooms / Bulky Goods Factory, Warehouse & Industrial Shop & Retail
Last updated	25 Oct 2023

Co-Agents

Geoff Sinclair

Burgess Rawson Sydney

Call

0451 462 759

Rhys Parker

Burgess Rawson Sydney

Call

0451 101 042

Yosh Mendis

Burgess Rawson Sydney

Call

0434 413 188

More about 184 Princes Highway South Nowra NSW 2541

184 Princes Highway South Nowra NSW 2541 is categorized as Showroom & Bulky Goods Property. It has a floor area of 3,758 m² and a land area of 1.03 ha. The listing ID for this property is 2018795467.