153 Princes Highway, Narooma, NSW 2546
153 Princes Highway, Narooma, NSW 2546
Sold
Motel
For Sale
Property Features
Property Description
Overview
BEST DEVELOPMENT SITE ON NSW SOUTH COAST
Detailed Description
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.
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.
Contact Agent
Thomas Dannis
Property Agent
Property Summary
Property Type:
Motel
Category:
For Sale
Status:
Sold
Listed:
Jul 14, 2025