122 Wagonga St, Narooma is a 4 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 1010m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in November 2006.
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
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 57.51% increase in median value, while Units have seen a 89.84% increase. As at 31 December 2025:
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