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134 Princes Highway, South Nowra

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Property Introduction

Trophy South Nowra property with 8 priceless car spaces and possible vacant possession after October 2017

Size: 350m²

For Sale - $1,250,000

134 Princes Highway is a trophy South Nowra property, located on the high profile intersection of Quinns Lane and the Princes Highway. The property is highly visible for southbound and northbound motorists, and sits opposite the exit point from Bunnings, Coates HIre and Gordan Macdonald.

The land size is 582m2 and the building area is circa 350m2 - with multiple office and showroom spaces, plus internal kitchen and bathroom facilities. Spanline is currently the tenant, and for sake of clarity, only the property is for sale, not the Spanline business.

The property is zoned "B5 Business Development", allowing for a wide and flexible range of commercial, industrial or retail uses. VGA land value is currently $225,000.

There are 4 - 5 parking spaces on site (with safe access off Quinns Lane), plus an additional 2 spaces granted by legal covenant on the adjoining property (the Honda motorbike dealership). In addition, one extra car can be safely parked alongside the right of carriageway.

Current rent is $4,314.20 inclusive of GST + ALL outgoings, and the lease expires on 8 October 2017. A favourable lease was granted as part of a business sale transaction to the current tenants, so a 'mark to market' opportunity could arise end October.

Alternatively, the property will be available for occupation by the new owner, on top of which invaluable advertising and exposure value can be factored into the effective yield of the property. This is a trophy South Nowra location!

The property is being sold as a going concern, with no GST applicable on the sale. Purchasers will however need to be registered for GST.

Inspection is by appointment only.

Please contact Craig McIntosh on 0455 544 228.

Property Overview

Property ID: 1P0194
Property Type: Showroom
Land Size: 582m² approx.
Building Size: 350m²
Car Space: 6
Zoning: B5 Business Development
  • $877 Yearly
  • $1758 Yearly