FOR SALE
For Sale | Offers over (2 x) $325,000

1 & 2/61-63 Carawa Road
Cromer NSW 2099

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 78m2
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2 SHOPS FOR THE PRICE OF 1!!!!

| Premium Cafe in Neighbourhood strip
| Separate strata shops 2 x 39sqm = 78m2
| Ultra wide double street frontage
| Cafe tenant with Nett income of $47,250 pa
| 100% of outgoings covered by the tenants
| Agreed Rental increases of 5% per annum
| LEASE COMMENCEMENT DATE 1 October 2023
| LEASE OPTIONS running to 30 September 2026
| Grease trap and exhaust
| Excellent investment opportunity
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Property Details for 1 & 2/61-63 Carawa Rd, Cromer

Building Type
Commercial
Floor Size
78m2

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About Cromer 2099

The size of Cromer is approximately 6.3 square kilometres. It has 30 parks covering nearly 15.5% of total area. The population of Cromer in 2011 was 7,161 people. By 2016 the population was 7,612 showing a population growth of 6.3% in the area during that time. The predominant age group in Cromer is 40-49 years. Households in Cromer are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Cromer work in a professional occupation. In 2011, 80.8% of the homes in Cromer were owner-occupied compared with 79% in 2016.

Cromer has 3,528 properties. Over the last 5 years, Houses in Cromer have seen a 55.86% increase in median value, while Units have seen a 16.74% increase. As at 31 October 2024:

  • The median value for Houses in Cromer is $2,261,718 while the median value for Units is $1,130,192.
  • Houses have a median rent of $1,198 while Units have a median rent of $663.
There are currently 10 properties listed for sale, and 9 properties listed for rent in Cromer on OnTheHouse. According to CoreLogic's data, 112 properties were sold in the past 12 months in Cromer.

Suburb Insights for Cromer 2099

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Josh Wapshott
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Mark Novak
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NOVAK - Northern Beaches
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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.