84-86 Vale StreetCooma NSW 2630
Property Details for 84-86 Vale St, Cooma
84-86 Vale St, Cooma is a 2 bedroom, 1 bathroom House. The property has a land size of 259m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in Cooma in the last 12 months.
Last Listing description (May 2024)
Well positioned in Cooma's busy CBD, this one-of-a-kind mixed residential and commercial opportunity provides a versatile income for the straight investor, or an opportunity for a business owner to generate a passive income while occupying one space.
Beautifully presented, the early 1900's buildings give a beautiful first impression, and upon entry to the private courtyard you will see how this is a one of a kind in Cooma. The vibrant and shady courtyard currently services the outdoor seating for the popular Courtyard Cafe. Other tenancies include a solicitor's offices and upstairs is the most stylishly presented and renovated 1- or 2-bedroom unit with corporate tenant.
This complex offers good versatility of income for the investor, and attractive returns at our advertised guide of 6.25% net.
- Well located in Vale Street, with beautiful street appeal
- An attractive location for tenants
- Excellent variety of income from diverse tenancies
- 2 x long term Commercial leases with leases in place plus long residential lease.
- Income generated per annum is $61,464 gross, while net income = $53,064 after fixed costs are accounted for
- ROI based on agents advertised guide @ $850,000 shows 6.25% net
Property History for 84-86 Vale St, Cooma, NSW 2630
- 04 Mar 2024Sold for $470,000
- 04 Mar 2024Sold for $320,000
- 07 Jan 2023Listed for Sale Guide $850,000
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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 4,025 properties. Over the last 5 years, Houses in Cooma have seen a 74.26% increase in median value, while Units have seen a 73.85% increase. As at 30 November 2024:
- The median value for Houses in Cooma is $498,930 while the median value for Units is $493,116.
- Houses have a median rent of $490 while Units have a median rent of $355.
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