FOR SALE
Expressions of Interest close 28 Nov 2024 at 4pm

8 Yulin Avenue
Cooma NSW 2630

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2276m2
Land area: 2276m2
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Newly Built Unit Complex - To be Sold in One Line

Diversify your investment portfolio!
8 Yulin Avenue Cooma presents as a prime 'set & forget' asset for investors seeking consistent returns with potential growth in the increasingly
demanding Snowy Monaro region. Completed approximately two years ago, this well designed complex features a mix of one, two and three bedroom, fully self-contained apartments. Twelve of the thirteen units are leased to Future Generation Joint Venture (FGJV), the principal contractor for the construction of Snowy Hydro 2.0, until 15 December 2026. The remaining Unit (Unit 7) currently operates as short term accommodation, with high occupancy rates.
The estimated net income is approximately $302,837 pa.
The property remains under a single title and accordingly, will be sold in one-line under a single contract. With significant depreciation benefits and rental growth, this represents a prime opportunity to invest in a prosperous sector of the market, with future flexibility.
Expressions of Interest close 28 November 2024.

Property Details for 8 Yulin Ave, Cooma

Building Type
Commercial
Floor Size
2276m2
Land Size
2276m2

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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 79.42% increase in median value, while Units have seen a 33.12% increase. As at 30 September 2024:

  • The median value for Houses in Cooma is $502,099 while the median value for Units is $436,690.
  • Houses have a median rent of $495 while Units have a median rent of $330.
There are currently 62 properties listed for sale, and 20 properties listed for rent in Cooma on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Cooma.

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