SOLD
Sold on 07 May 2024 for $1,200,000

84 Cowabbie Street
Coolamon NSW 2701

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3151m2
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Property Details for 84 Cowabbie St, Coolamon

Building Type
Commercial
Land Size
3151m2
Local Government
Coolamon
Lot/Plan
31/DP1241452

Last Listing description (October 2023)

Under instructions from Barry Kogan and Katherine Sozou as Receivers and Managers, Colliers is excited to present For Sale 84 Cowabbie Street, Coolamon. Forming part of The Petroleum Portfolio, a rare and unique collection of strategically located service station investments, developments and operational opportunities across the East Coast of Australia.

This property represents a secure investment in a prime regional location and offers the following key investment highlights:
Strategic 3,151m* corner site

SP2 Infrastructure zoning
Fuel infrastructure (3 bowsers & 7 pumps) and auto service
Attractive 10 year lease with options
Passing income of $102,840* per annum with fixed rental growth

The Petroleum Portfolio is offered For Sale in-one-line or individually via Expressions of Interest closing Wednesday 8 November at 3pm (AEDT).

For further information and/or to arrange a private inspection, please contact the exclusive selling agents.

*approx

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Property History for 84 Cowabbie St, Coolamon, NSW 2701

A timeline of how this property has performed in the market
Last Sold
$1,200,000
07 May 2024
  • 07 May 2024
    Sold for $1,200,000
  • 09 Oct 2023
    Listed for Sale Please contact agent

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About Coolamon 2701

The size of Coolamon is approximately 297.2 square kilometres. It has 4 parks covering nearly 4.2% of total area. The population of Coolamon in 2011 was 2,128 people. By 2016 the population was 2,208 showing a population growth of 3.8% in the area during that time. The predominant age group in Coolamon is 0-9 years. Households in Coolamon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolamon work in a professional occupation. In 2011, 78.4% of the homes in Coolamon were owner-occupied compared with 75% in 2016.

Coolamon has 1,386 properties. Over the last 5 years, Houses in Coolamon have seen a 94.80% increase in median value. As at 31 October 2024:

  • The median value for Houses in Coolamon is $416,411 while the median value for Units is $393,537.
  • Houses have a median rent of $420.
There are currently 18 properties listed for sale, and 1 property listed for rent in Coolamon on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Coolamon.

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