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
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Newly Built Unit Complex - Exceptional Investment Opportunity

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 13 fully self-contained apartments, comprising 10 one-bedroom, 2 two-bedroom, and 1 three-bedroom unit. 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, managed by the current owner.
Key Highlights:
• Stable Income: 12 units leased to Future Generation Joint Venture until December 2026, ensuring consistent cash flow.
• Short-Term Rental Potential: Unit 7 operates as a high-demand short-term accommodation with impressive occupancy rates.
• Strong Financial Performance: Estimated net income of $302,837 p.a.
• Single Title Sale: Sold in one line, simplifying management and ownership.
Financial Overview:
• Total 2024 Revenue: $342,270 with rental uplifts in Dec 2024 and 2025
• Depreciation Benefits: Strong schedule with approximately $100K for FY25.
See More

Property Details for 8 Yulin Ave, Cooma

Building Type
Commercial
Floor Size
2276m2
Land Size
2276m2

Commute Calculator

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 4,011 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 62 properties listed for sale, and 19 properties listed for rent in Cooma on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Cooma.

Cooma Profile Page

Suburb Insights for Cooma 2630

Visit Cooma profile page
Market Insights
Cooma Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Cooma Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Cooma profile page
Contact agent
Daniel Mcgrath
Show contact details
Call agent
Ben Faulks
Show contact details
Call agent
RWC Canberra
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED