Under Offer 15/12/2023
Guide $850,000
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84-86 Vale Street, Cooma NSW 2630

House
21
Block size: 152 m² approx.House size: 1 m² approx.
Can I afford this property?

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

No open inspections scheduled.

Send an enquiry

Contact Shannon Fergusson to learn more about this property, request an inspection or take an online tour.

Property walkthrough

Key details

Bedrooms:
2
Bathrooms:
1
Property type:
House
Block Size:
152 *
House Size:
1 *

Other Details

Lot:
2
Plan Type:
DP
Plan:
221484
Legal description:
2/221484
McGrath Snowy Mountains

Maps and area information

Block information
Block size: 152 (approx)
Legal description: 2/221484
Block Map
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Property history

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Cooma suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
45 years
Population
6,715
Listing ID: 181263795. This listing has been viewed 1224 times. It was first displayed on 06/01/2023 and last updated on 15/12/2023.
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.