Development Opportunity in Narooma

Freehold Commercial Shops and Residence Great opportunity to secure this prominent main street building with fabulous development potential. This property represents a rare opportunity to acquire a large freehold commercial asset with residence above, with an additional block and residence with access from Garvan street. (Note: Premises for sale only, not the businesses) Features of the property. Commercial shops street level: � Large commercial premises currently leased as one shop but could be two separate entities. � Shop 1 is 63m� plus 35m� storage. � Shop 2 is 165m� plus 35m� storage. � Good rental income � Great street appeal and visibility. � Large shop front display windows. � Right in the heart of the main shopping district of Narooma. � Private rear parking for upstairs residence and shop staff. Upstairs Residence: � Two bedroom Unit with spectacular inlet and coastal views � Large lounge and dining area and separate front sunroom � 185m� floor area � Recently renovated Bathroom � Covered deck with stunning water views. � Currently Owner occupied No 1 Garvan street � Two x 1 bedroom units � Large kitchens and living areas � Fantastic inlet views � Both currently rented. Zoned E1 this property is primed for mixed commercial and residential development.