153 Princes HighwayNarooma NSW 2546
Property Details for 153 Princes Hwy, Narooma
153 Princes Hwy, Narooma is a 0 bedroom, 0 bathroom House. The property has a land size of 7145m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Last Listing description (December 2022)
The Phone Code for this property is: 88269. Please quote this number when phoning or texting.
Tara Medical Village Motel at 153 Princes Highway Narooma is the best medium density re-development site on the entire South Coast, ripe now or land banked for later.
To sweeten this already juicy bone Tara enjoys a passing income from affordable housing for veterans, the aged and the disabled while you make your plans.
Located on the Princes Highway at Narooma and having a three street frontage this 7152 sqm site is perfectly contoured and regularly shaped for maximising content while minimising cost.
Its perfect amenity is guaranteed being located on the ridgeline between the two commercial sections of the town.
Zoned medium density residential it affords top building site, amenity and views.
Currently Tara comprises 6 major buildings, all renovated & refurbished in 2018 being
(a) 3 residential buildings totalling 1 x 5BR ocean view penthouse, 3 x 2 bedroom fully self-contained apartments, 16 x 1 bedroom fully self-contained apartments and 4 ensuite staff bedrooms;
(b) a fully equipped 100 seat restaurant with large commercial kitchen, private function area and and bar all with accessible entry plus laundry, store and workshop under.
(c) a stand alone conference room with toilet and kitchen amenities and accessible entry.
(d) a second stand alone conference room/chapel with 2 side wing ensuite support bedrooms with amenities and accessible entry.
(e) a 70 vehicle car park with multiple entrances & bus parking bay.
This fully operational complex includes all furniture, furnishings, fixtures and equipment and is easily self managed.
Due to age and deteriorating health the owner seller must pass the baton of opportunity to the next strong performer.
Only serious, self qualifying and self identifying enquiry is invited.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 153 Princes Hwy, Narooma, NSW 2546
- 02 Jun 2021Sold for $6,050,000
- 10 Jul 2019Listed for Sale $6,750,000
- 22 Oct 2018Listed for Sale $5,000,000
Recent sales nearby
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0About 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 2,516 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:
- The median value for Houses in Narooma is $841,410 while the median value for Units is $582,640.
- Houses have a median rent of $510 while Units have a median rent of $480.
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