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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 time24/10/2023 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold24 Oct 2023
    Floor Area3,758 m²
    Land Area1.03 ha
    ParkingAsk Agent
    Property ID2018795467
    Category
    Last updated  25 Oct 2023
    Map for 184 Princes Highway South Nowra NSW 2541

    Nearest transport* to 184 Princes Highway South Nowra NSW 2541

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    Bus is not available within 4km radius
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    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold24 Oct 2023
    Floor Area3,758 m²
    Land Area1.03 ha
    ParkingAsk Agent
    Property ID2018795467
    Category
    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.

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