2 Tilba Street, Narooma, NSW 2546 | House for sale | OnTheHouse
 
FOR SALE
$1,295,000

2 Tilba Street
Narooma NSW 2546

Bedrooms: 4
Bathrooms: 2
Car spaces: 5
Land area: 1012m2
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Secure Commercial Investment with Future Residential Potenti

The property at 2 Tilba Street, Narooma – is a unique opportunity combining secure commercial income today with exciting flexibility for the future.
Originally a residential home, the property has been extensively renovated and converted for commercial use, creating a spacious and highly functional premises of approximately 181sqm plus a garage. The property retains a number of distinctive Art Deco features, including original-style doors and period light fittings, keeping character and charm to the modernised space.
Currently leased to an established commercial tenant, the property is generating over $57,000 per annum, with approximately 5.5 years remaining on the current lease, providing investors with strong income security from day one.
The versatile floorplan includes multiple consulting/office rooms, a kitchen, bathroom/laundry facilities, additional WC, foyer/reception areas and excellent outdoor spaces including a large deck and rear patio.
What really sets this property apart is its long-term flexibility. Having originally been a home, the layout retains many residential characteristics and could potentially be converted back to residential use in the future, subject to zoning, planning and Council requirements.
Property Highlights
Current commercial investment returning $57,000+ per annum
Approximately 5.5 years remaining on the existing lease
Extensively renovated and well-presented premises
Ducted A/C throughout and multiple solar panels for generating energy
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Property Details for 2 Tilba St, Narooma

2 Tilba St, Narooma is a 4 bedroom, 2 bathroom House with 5 parking spaces. The property has a land size of 1012m2. The place is currently for sale with Whale Coast Realty.

Building Type
House
Land Size
1012m2
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About Narooma 2546

The size of Narooma is approximately 120.0 square kilometres. There are 11 parks, covering nearly 69.2% of the total area. The population of Narooma in 2016 was 2605 people. By 2021 the population was 2731 showing a population growth of 4.8% in the area during that time. The predominant age group in Narooma is 60-69 years. Households in Narooma are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narooma work in a trades occupation.In 2021, 72.00% of the homes in Narooma were owner-occupied compared with 69.10% in 2016.

Narooma has 2,517 properties. Over the last 5 years, Houses in Narooma have seen a 32.15% increase in median value, while Units have seen a 40.83% increase. As at 31 July 2026:

  • The median value for Houses in Narooma is $845,030 while the median value for Units is $532,491.
  • Houses have a median rent of $580 while Units have a median rent of $470.
There are currently 59 properties listed for sale, and 6 properties listed for rent in Narooma on OnTheHouse. According to Cotality's data, 82 properties were sold in the past 12 months in Narooma.

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John Murray
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Whale Coast Realty
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