28 Glasshouse Rocks Road, Narooma, NSW 2546 | Commercial for sale | OnTheHouse
 
FOR SALE
$1,295,000

28 Glasshouse Rocks Road
Narooma NSW 2546

Bedrooms: -
Bathrooms: -
Car spaces: 12
Floor area: 393m2
Land area: 944m2
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Dual Tenancy Industrial Investment

28 Glasshouse Rocks Road, Narooma
A solid industrial investment opportunity located in Narooma’s tightly held industrial precinct, offering two established tenancies and excellent exposure along Glasshouse Rocks Road. Zoned E4 General Industrial, this property is ideal for investors seeking a low-maintenance, income-producing asset on the NSW South Coast.
The property comprises two separate sheds:
Big Shed (approx. 303sqm) – leased to Narooma Auto Elect on a 5-year term from 21 July 2023 to 20 July 2028, with a 5-year option and CPI annual reviews.
Small Shed (approx. 90sqm) – leased to Silly Willys on a 2-year term from 1 October 2024 to 1 October 2026, also with CPI reviews.
Together, the tenancies generate a combined gross rental of approximately $64,220 per annum, with tenants contributing to outgoings such as council rates, water use, and public liability insurance.
Operating expenses, including building insurance (approx. $3,600 p.a.), bring the net annual income to around $60,620, representing an attractive net return of approximately 4.68% at an estimated selling price of $1,295,000.
Sitting on an approx. 944sqm site, the property benefits from a great location with current land value of $465,000 (Eurobodalla Shire Council) and strong underlying land use potential within the expanding South Coast industrial corridor.
This is a rare, set-and-forget investment offering secure income from long-term local tenants, a functional industrial layout, and future capital growth prospects.
Key Features:
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Property Details for 28 Glasshouse Rocks Rd, Narooma

Building Type
Commercial
Floor Size
393m2
Land Size
944m2
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About Narooma 2546

The size of Narooma is approximately 120.0 square kilometres. It has 11 parks covering nearly 69.2% of 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 2,518 properties. Over the last 5 years, Houses in Narooma have seen a 61.23% increase in median value, while Units have seen a 96.15% increase. As at 30 November 2025:

  • The median value for Houses in Narooma is $841,208 while the median value for Units is $599,955.
  • Houses have a median rent of $535 while Units have a median rent of $480.
There are currently 66 properties listed for sale, and 6 properties listed for rent in Narooma on OnTheHouse. According to Cotality's data, 72 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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