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104 Worrigee Street Nowra, NSW 2541

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For Sale

104 Worrigee StreetNowra, NSW 2541

Shop & Retail • Showrooms & Bulky Goods • Other
Sale Price

Contact Agent

Land area

0.65ha (1.62 acres)

Floor area

2505.0m²

Parking info

90 on site

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$531,601
Number of Tenants
3 Tenants
Tenants / Type
Petbarn, IGA + Liquor

Rarely Available Retail Investment - Hold, Value Add, Develop

  • Long term tenants - Petbarn and IGA
  • Value add/development potential
  • Net Income $531,601 pa + GST
Cushman & Wakefield are pleased to present to the market 104 Worrigee Street, Nowra for Sale via Offers to Purchase.

The property has the following key characteristics:

• Petbarn - 8 year lease to 2023 plus options to 2038 . Subsidiary of ASX listed Greencross Ltd with over 400 practices and stores in Australia & New Zealand
• IGA Long term lease plus options to 2030. Independent Grocers of Australia (IGA) is owned by grocery distribution and hardware giant Metcash. IGA has a network of over 1,400 franchises
• IGA Liquor operating as a retailer & distributor and part of the IGA
• Large 6,542 sqm corner site with 3 street frontages
• 2,505sqm of total multi-tenanted building area
• Low site coverage adding room for development (approximately 38%)
• Highly exposed site facing the busy Princes Highway
• Strategic location in Nowra’s Central Business District, positioned directly across from the Nowra Stockland Shopping Centre and benefiting from the NSW and Australian Government Roads and Maritimes $155M Princes Highway bridge upgrade project
• National brands rarely offered to the open market
• 90 on site parking spaces
• Value-add potential/development upside with low site coverage
• Net Income $531,601 pa + GST (estimated fully leased)

For more information please contact the Exclusive agents at Cushman & Wakefield.

Property ID: 503164394Last Updated: 10 Jul 2019

104 Worrigee Street
Nowra, NSW 2541

Agency contacts

Cushman & Wakefield - Sydney

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Cushman & Wakefield - Sydney

Level 22, 1 O'Connell Street
SYDNEY, NSW 2000
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Email enquiry

Send to:

Geoff Sinclair
Cushman & Wakefield - Sydney
104 Worrigee Street Nowra, NSW 2541

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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