Located in an ideal location right in the heart of the Bombala CBD and currently tenanted to reliable tenants this is an investment opportunity that is almost too good to be true!
The building contains a shopfront, two offices, staff amenities area, his and hers bathrooms and a large storage shed at the rear of the property that has driveway access from Maybe Street. The property is currently tenanted by a real estate agency, and has contained similar business for approximately the last 71 years.
Priced to show a 7% return, this is a great opportunity to purchase a well maintained building in a desirable location with reliable tenants and potential immediate cash flow.
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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