Block size: 152 m² approx.House size: 1 m² approx.
Stylish Mixed-use CBD Investment Opportunity
Well positioned in Cooma's busy CBD, this one-of-a-kind mixed residential and commercial opportunity provides a versatile income for the straight investor, or an opportunity for a business owner to generate a passive income while occupying one space. Beautifully presented, the early 1900's buildings give a beautiful first impression, and upon entry to the private courtyard you will see how this is a one of a kind in Cooma. The vibrant and shady courtyard currently services the outdoor seating for the popular Courtyard Cafe. Other tenancies include a solicitor's offices and upstairs is the most stylishly presented and renovated 1- or 2-bedroom unit with corporate tenant. This complex offers good versatility of income for the investor, and attractive returns at our advertised guide of 6.25% net.
- Well located in Vale Street, with beautiful street appeal - An attractive location for tenants - Excellent variety of income from diverse tenancies - 2 x long term Commercial leases with leases in place plus long residential lease. - Income generated per annum is $61,464 gross, while net income = $53,064 after fixed costs are accounted for - ROI based on agents advertised guide @ $850,000 shows 6.25% net
Inspections
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Contact Shannon Fergusson to learn more about this property, request an inspection or take an online tour.
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This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
18 Mar 2024
Sold
McGrath Snowy Mountains
Contract: 18/03/2024
Listed: 06/01/2023
Days on market: 437
Transfer type: Full transfer
Cooma suburb information
A little bit about who lives locally, as provided by government census data
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.