Would you like to move to a country town, an hour's drive to the Sapphire Coast and start a small business?
In the main Street of Bombala, this building has been refurbished and comprises a 2 bedroom flat on 2 levels and large shopspace with kitchen and sep toilet as well as parking area at the rear.
This opportunity may appeal to the investor as the possible return on the flat of $140-$150 pw and the shop is currently leased. Natural gas is connected for heating.
The size of Bombala is approximately 119.9 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Bombala in 2011 was 1,210 people. By 2016 the population was 1,395 showing a population growth of 15.3% in the area during that time. The predominant age group in Bombala is 60-69 years. Households in Bombala are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Bombala work in a managers occupation. In 2011, 72.4% of the homes in Bombala were owner-occupied compared with 71.7% in 2016.
Bombala has 928 properties. Over the last 5 years, Houses in Bombala have seen a 88.71% increase in median value, while Units have seen a 138.38% increase. As at 31 October 2024:
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