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104 Worrigee Street Nowra NSW 2541

  • Retail
  • 2,505 m²
  • For Sale, Contact Agent

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.

Address104 Worrigee Street Nowra NSW 2541
ZoningB3 Commercial Core
CouncilSHOALHAVEN CITY COUNCIL
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2015149919
Floor Area2,505 m²
Land Area6,542 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  17 May 2019
Map for 104 Worrigee Street Nowra NSW 2541
Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000

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