North Nowra Shopping Complex sells for $4.7 million

The North Nowra Shopping centre in southern NSW has sold at auction for $4.705 million.

The neighbourhood shopping centre, at 9 McMahons Road, North Norwa, was purchased by a local private investor on a yield of about 7%.

It attracted 12 registered bidders at the auction.

Built in the 1980's, the centre has 20 outlets and has about 3,029 square metres of net lettable area.

The selling agent Scott Baxter, principal of Ray White Commercial Shoalhaven, said “the site has more than 100 car parking spaces and there's scope for further development, as current tenants are seeking extra space."  

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?