FOR SALE
$1,100,000 Negotiable

173 Sharp Street
Cooma NSW 2630

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 480m2
Land area: 550m2
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Step into the Commercial Investment Market

Seize the opportunity to own a prime piece of commercial real estate at 173 - 175 Sharp Street, Cooma, NSW, 2630. This substantial property, encompassing 550 square metres, offers a savvy investor a diversified income stream with its existing tenancies, including a bustling dance studio, an established dentist, and a versatile space previously occupied by a physiotherapy clinic complete with treatment rooms.
Currently generating returns of approximately $58,000 per annum, the income potential escalates to an impressive $78,000 when fully tenanted. The large dance studio is a notable feature, boasting a long-standing occupancy and contributing to the property's stable financial performance.
Recently renovated interiors add to the appeal, ensuring a modern and efficient space for businesses to thrive. An additional loft office area provides the option for extra storage or administrative quarters, further enhancing the property's functionality.
Practical off-street parking with two designated spaces and convenient rear access streamline operations for the businesses within. Located just a stone's throw from the heart of Cooma's bustling CBD, this investment promises both high visibility and ease of access for tenants and their clientele alike.
Whether you're looking to expand your portfolio or step into the commercial investment market, 173 - 175 Sharp Street presents an enticing proposition with its blend of secure tenancies and potential for growth. Don't miss out on this exceptional opportunity in the dynamic town of Cooma.

Property Details for 173 Sharp St, Cooma

Building Type
Commercial
Floor Size
480m2
Land Size
550m2

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About Cooma 2630

The size of Cooma is approximately 97.8 square kilometres. It has 16 parks covering nearly 4.2% of total area. The population of Cooma in 2011 was 6,664 people. By 2016 the population was 6,681 showing a population growth of 0.3% in the area during that time. The predominant age group in Cooma is 50-59 years. Households in Cooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooma work in a professional occupation. In 2011, 67.5% of the homes in Cooma were owner-occupied compared with 64.5% in 2016.

Cooma has 4,012 properties. Over the last 5 years, Houses in Cooma have seen a 74.88% increase in median value, while Units have seen a 25.02% increase. As at 31 October 2024:

  • The median value for Houses in Cooma is $493,998 while the median value for Units is $443,324.
  • Houses have a median rent of $495 while Units have a median rent of $350.
There are currently 64 properties listed for sale, and 21 properties listed for rent in Cooma on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in Cooma.

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