FOR SALE
$1,795,000

597A Pacific Highway
Mount Colah NSW 2079

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Land area: 994m2
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AMAZING OPPORTUNITY

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Investment or development potential or knockdown and rebuild. Perfectly located on a 994.3 SQM battle-axe block opposite Mt Colah Railway Station. Quiet position away from road noise. Bushland views. Excellent income of $51K PA.
Zoning is Commercial (E1 Local Centre) with the current use being Residential. On the market for the first time in 32 years.
Buyer options:
• Business use or combined residential & business use with Council approval
• Knock down and build a new home subject to Council approval
• Current residential use:
- A very comfortable & liveable house which was divided into flats probably 60 years ago or more. A small community of 3 excellent long-term tenants.
- Fully renovated around 22 years ago. 1x 2-bedroom flat and 2 x 1-bedroom flats
- Flat 2 has a bonus mezzanine floor
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Property Details for 597a Pacific Hwy, Mount Colah

597a Pacific Hwy, Mount Colah is a 4 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 994m2. The place is currently for sale with John Pye Real Estate.

Building Type
House
Land Size
994m2

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About Mount Colah 2079

The size of Mount Colah is approximately 11.4 square kilometres. It has 21 parks covering nearly 89.7% of total area. The population of Mount Colah in 2011 was 7,104 people. By 2016 the population was 7,098 showing a population decline of 0.1% in the area during that time. The predominant age group in Mount Colah is 50-59 years. Households in Mount Colah are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Mount Colah work in a professional occupation. In 2011, 84.6% of the homes in Mount Colah were owner-occupied compared with 85.1% in 2016.

Mount Colah has 3,085 properties. Over the last 5 years, Houses in Mount Colah have seen a 54.92% increase in median value, while Units have seen a 5.81% increase. As at 31 October 2024:

  • The median value for Houses in Mount Colah is $1,623,765 while the median value for Units is $664,293.
  • Houses have a median rent of $800 while Units have a median rent of $590.
There are currently 13 properties listed for sale, and 8 properties listed for rent in Mount colah on OnTheHouse. According to CoreLogic's data, 131 properties were sold in the past 12 months in Mount colah.

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Mary Saeyang
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Rebecca (Bec) Reid
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John Pye Real Estate
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