8 Vale StreetCooma NSW 2630
Property Details for 8 Vale St, Cooma
8 Vale St, Cooma is a 0 bedroom, 0 bathroom Unit. The property has a land size of 1472m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 0 bedroom Unit sold in Cooma in the last 12 months.
Last Listing description (May 2024)
Commercial investment opportunity boasting a prime location next to Cooma Woolworths, making the site a highly visible position for customers and business owners.
The dual street frontage spanning 1472sqm provides excellent versatility of use, offering plenty of space for parking, deliveries, and expansion opportunities for the occupants.
The building is a solid brick commercial building spanning an impressive 763sqm internally and 460sqm of showroom space, featuring ample space over two levels inside and out, perfect for a wide range of businesses. Currently enjoying a long-term tenancy with a newly signed 5-year lease, this property provides a steady annual gross return of $50k, making it a reliable and promising investment.
Property History for 8 Vale St, Cooma, NSW 2630
- 21 Dec 2023Sold for $695,000
- 18 Dec 2023Listed for Sale Not Disclosed
- 26 Apr 2015Listed for Sale ASKING $610,000
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0About 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 4,007 properties. Over the last 5 years, Houses in Cooma have seen a 74.88% increase in median value, while Units have seen a 25.02% increase. As at 31 October 2024:
- The median value for Houses in Cooma is $493,998 while the median value for Units is $443,324.
- Houses have a median rent of $495 while Units have a median rent of $350.
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