SOLD
Sold on 07 Mar 2024 for $1,700,000

213 Sharp Street
Cooma NSW 2630

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 6m2
Land area: 1896m2
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McGrath Snowy Mountains (F)
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Property Details for 213 Sharp St, Cooma

213 Sharp St, Cooma is a 0 bedroom, 0 bathroom House. The property has a land size of 1896m2 and floor size of 6m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 0 bedroom House sold in Cooma in the last 12 months.

Building Type
House
Floor Size
6m2
Land Size
1896m2
Local Government
Snowy Monaro Regional
Lot/Plan
18/22/DP758280

Last Listing description (November 2021)

Set in a prime location in the busy tourist hub of Cooma, this well-maintained motel offers a tremendous opportunity for those looking for a profitable business opportunity. Cooma is currently experiencing huge growth from infrastructure projects such as the Snowy 2.0 project and several other projects currently underway. Because of this accommodation is very scarce for tourists and workers on these projects. With the works planned for several years it offers fantastic opportunities with exposure to thousands of vehicles passing it daily.
The property is offered freehold with 13 units and generous 2 storey, 3-bedroom residence on approx. half an acre site on the main road to the snowfields.
Cooma is the gateway to the Snowy Mountains and the area offers tremendous attractions for tourists all year round. From skiing in the winter to access to the fresh mountain lakes for summer fishing not to forget the high-country hiking and mountain bike trails all over the high country.

It is currently owner operated and can be run by a family with low overheads.
The property is zoned R1 Residential on 2 titles. With the demand in the current climate it has the potential as a long-term rental.
Commercial kitchen, parking spots for all units, laundry and plenty of storage are some of the extras.
The Alkira Motel provides for both investors and/or owner occupiers to acquire an asset with an income stream, as well as an opportunity for enormous flexibility and diversification.

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Property History for 213 Sharp St, Cooma, NSW 2630

A timeline of how this property has performed in the market
Last Sold
$1,700,000
07 Mar 2024
Listed for Rent
$29k/w
06 Oct 2010
  • 07 Mar 2024
    Sold for $1,700,000
  • 08 Jan 2024
    Sold
  • 28 Sep 2021
    Sold for $1,400,000
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About Cooma 2630

The size of Cooma is approximately 97.8 square kilometres. It has 16 parks covering nearly 4.2% of total area. The population of Cooma in 2011 was 6,664 people. By 2016 the population was 6,681 showing a population growth of 0.3% in the area during that time. The predominant age group in Cooma is 50-59 years. Households in Cooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooma work in a professional occupation. In 2011, 67.5% of the homes in Cooma were owner-occupied compared with 64.5% in 2016.

Cooma has 4,011 properties. Over the last 5 years, Houses in Cooma have seen a 79.42% increase in median value, while Units have seen a 33.12% increase. As at 30 September 2024:

  • The median value for Houses in Cooma is $502,099 while the median value for Units is $436,690.
  • Houses have a median rent of $495 while Units have a median rent of $330.
There are currently 63 properties listed for sale, and 20 properties listed for rent in Cooma on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Cooma.

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