BE THE LUCKY WINNER ON THIS INVESTMENT
BOMBALA IS LOCATED 210KM SOUTH OF CANBERRA AND 490KM SOUTH OF SYDNEY WITH A POPULATION OF APPROX. 1300 SERVICING A RURAL SECTOR BASED ON WOOL, LAMB & CATTLE PRODUCTION AND A SOFTWOOD TIMBER INDUSTRY.THE PROPERTY IS LOCATED IN THE CENTRE OF THE COMMERCIAL & RETAIL AREA OF THE MAIN STREET AND BOASTS 3 OF THE LARGER BUSINESSES OF BOMBALA AS TENANTS. THE BLOCK HAS A FRONTAGE OF 25.9M TO MAYBE STREET HAVING AN AREA OF 1793.5M?.THE TENANTS ARE A PHARMACY, ELECTRICAL & HARDWARE SALES AND RETAIL BUSINESS AND IGA SUPERMARKET PLUS A 3 BEDROOM FLAT UPSTAIRS. ALL TENANTS ARE ON SECURE LEASES AND THE PACKAGE IS SHOWIING A NET 8% PA RETURN.THE BUILDING IS OF BRICK AND CONCRETE BLOCK CONSTRUCTION WITH IRON ROOF, CONCRETE SLAB AND TIMBER FLOORING. DELIVERY ACCESS AT REAR OF PREMISES OFF THERRY STREET ON A FLAT AREA SUITABLE FOR SEMI TRAILERS.THIS PACKAGE OFFERS THE ASTUTE BUYER A VERY GOOD RETURN ON INVESTMENT IN A SMALL REGIONAL TOWN WITH THE PROSPECT OF INCREASED TRADE AND POPULATION DUE TO A LARGE SOFTWOOD MILL DEVELOPMENT SITUATED 4KM FROM BOMBALA. DO THE NUMBERS AND WE ARE CERTAIN THIS PROPERTY WILL STACK UP ON YOU SHORT LIST OF PROPERTIES TO CONSIDER SERIOUSLY.ASKING $670,000 +GST
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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