59A Kinghorne StreetNowra NSW 2541
Property Details for 59a Kinghorne St, Nowra
Last Listing description (April 2022)
This Central Nowra retail commercial opportunity is full of potential to reap future rewards, situated in the high profile busy part of Kinghorne Street, Nowra. Currently occupied, by Bayview Blinds operating as a blinds, screens and awning business, sold as a going concern in a lease until October 2022 and paying all outgoings.
The property has its own facilities including, air conditioning, 2 toilets and a kitchenette, there is rear on-site parking which can accommodate up to 5 cars. Subject to DA approval, the property has the potential to extend with a lot size of 270m2 and a building envelope up to 15 metres in height. Zoned B3 Commercial, Business and High Density Residential, position perfect for clientele.
The property has two entry doors from the main street and one rear door from the car park, offering the owner or tenants the flexibility to run 2 separate businesses in the future.
Currently showing a gross return in excess of 6% this property provides an ideal investment opportunity to expand with residential housing in demand and a blank canvas to create your own future business.
Contact Angie De Battista from Ray White Kiama on 0404 898 422 for an information memorandum.
NB: Agents interest.
Property History for 59a Kinghorne St, Nowra, NSW 2541
- 12 Apr 2022Sold for $650,000
- 01 Mar 2022Listed for Sale $675,000
- 09 Mar 2017Sold for $452,500
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About Nowra 2541
The size of Nowra is approximately 9.0 square kilometres. There are 33 parks, covering nearly 18.7% of the total area. The population of Nowra in 2016 was 9193 people. By 2021 the population was 9956 showing a population growth of 8.3% in the area during that time. The predominant age group in Nowra is 20-29 years. Households in Nowra are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Nowra work in a community and personal service occupation.In 2021, 50.10% of the homes in Nowra were owner-occupied compared with 49.90% in 2016.
Nowra has 6,266 properties. Over the last 5 years, Houses in Nowra have seen a 32.25% increase in median value, while Units have seen a 32.73% increase. As at 31 May 2026:
- The median value for Houses in Nowra is $679,770 while the median value for Units is $472,960.
- Houses have a median rent of $550 while Units have a median rent of $430.
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