A rare opportunity to acquire a freestanding Woolworths supermarket under a sought-after net lease, together with the adjoining Shoalhaven Arcade, has come to market in the Nowra CBD’s thriving commercial precinct.

Located at 9-13 & 15-17 Kinghorne Street, Nowra, the offering comprises 4,152sqm of prime real estate, strategically positioned adjacent to the main Council car park and within the commercial and retail core of Nowra.

Anchored by a freestanding Woolworths supermarket including BWS liquor, the site is securely leased to the Woolworths Group under a new 10-year net lease, providing investors with long-term income certainty and minimal management obligations.

Adjoining the supermarket is the Shoalhaven Arcade, comprising six retail tenancies, offering further income diversity and future redevelopment potential. The site benefits from direct access to a large at-grade Council car park with 242 spaces, enhancing convenience for customers and tenants.

Steven Lerche, National Director of Retail Investments at Savills Australia and New Zealand, said “This is a rare opportunity to secure a blue-chip supermarket investment with strong fundamentals and future upside in one of regional NSW’s most dynamic growth corridors.

“There’s significant potential to combine the Woolworths and Shoalhaven Arcade into a strategic mixed-use development site, capitalising on the location’s zoning and proximity to key civic assets. There’s also an opportunity to refurbish or improve income and tenancy profile of Shoalhaven Arcade to include underutilised large common area and loading dock.”

The site sits within the Egans Lane Precinct, home to the Shoalhaven Gallery and Nowra Library, where Council has previously sought private sector investment to support the continued growth of the CBD. The zoning allows for a broad range of commercial and business activities including retail, office, entertainment and more.

Nowra is a major regional centre on the South Coast of NSW, located just off the Princes Highway, approximately 81km from Wollongong and 163km from Sydney. It serves as the commercial and community hub for the Shoalhaven LGA and is a popular coastal destination for Sydneysiders, Canberrans and Victorians.

Joseph Maloney, Executive of Retail Investment at Savills Australia and New Zealand, commented on the long-term growth of the region, “The Illawarra Shoalhaven Regional Plan 2041 sets a clear vision for sustainable growth, infrastructure investment and CBD revitalisation in Nowra.

“Projects like the $940 million Milton/Ulladulla bypass delivery, the $440 million Shoalhaven Hospital redevelopment and the $353 million Princes Highway upgrade are reshaping the region’s connectivity and healthcare capacity. These investments will continue to drive population growth, economic activity and demand for high-quality retail and mixed-use assets in Nowra,” he said.

Rick Silberman, Director of Retail Investments at Savills Australia and New Zealand, added, “Underpinned by a thriving regional economy driven by defence, like HMAS Albatross, and healthcare system of Shoalhaven Hospital, Nowra continues to attract investment and infrastructure growth, making this offering a compelling opportunity for investors and developers.”

The Nowra-Bombaderry Urban Area has a population of 53,660, while the broader Shoalhaven City is home to over 110,000 residents, growing by more than 1,000 new residents annually. The region welcomes 5 million visitors each year, with the population swelling to 400,000 during summer months.

The properties are being offered for sale individually or in one line via an Expression of Interest, closing Wednesday, 22 October 2025 at 12:00pm (AEDT).

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