SOLD
Sold on 26 Jan 2024 for $1,600,000

2/220 Del Monte Place
Copacabana NSW 2251

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 196m2
Sold By
Andrew Thomson
Stone Real Estate Ettalong Beach
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Property Details for 2/220 Del Monte Pl, Copacabana

Building Type
Commercial
Land Size
196m2
Local Government
Central Coast
Lot/Plan
2/SP90062

Last Listing description (November 2023)

Amazing investment opportunity for prime position directly opposite the
beach in the stunning coastal town of Copacabana on the NSW Central Coast.

Approx 200 m2 of recently renovated ground floor space, currently occupied with a thriving licensed restaurant on a fixed 4-year lease. As restaurant/cocktail bar it offers seating for approx 90 patrons, liquor lic, coolroom, cellar. Established community which includes local supermarket, bottle shop, medical centre & chemist, hairdressers plus a range of new and established cafes.

- Long term lease in place
- Established area with solid local patronage year round, which swells in popularity during the summer months
- Location is well known and loved for its family friendly patrolled surf beach and relaxed lifestyle
- Just 1 hour north of Sydney, with major shopping/dining such as Terrigal and Erina Fair just 10 minutes away

Property History for 2/220 Del Monte Pl, Copacabana, NSW 2251

A timeline of how this property has performed in the market
Last Sold
$1,600,000
26 Jan 2024
Listed for Rent
10 Jan 2020
  • 26 Jan 2024
    Sold for $1,600,000
  • 22 Nov 2023
    Listed for Sale Pre-auction
  • 10 Oct 2019
    Listed for Rent $68,400 / year
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About Copacabana 2251

The size of Copacabana is approximately 2.1 square kilometres. It has 3 parks covering nearly 23.9% of total area. The population of Copacabana in 2011 was 2,690 people. By 2016 the population was 2,737 showing a population growth of 1.7% in the area during that time. The predominant age group in Copacabana is 50-59 years. Households in Copacabana are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Copacabana work in a professional occupation. In 2011, 71.9% of the homes in Copacabana were owner-occupied compared with 75% in 2016.

Copacabana has 1,548 properties. Over the last 5 years, Houses in Copacabana have seen a 96.61% increase in median value, while Units have seen a 37.93% increase. As at 30 November 2024:

  • The median value for Houses in Copacabana is $1,712,778 while the median value for Units is $1,204,285.
  • Houses have a median rent of $820 while Units have a median rent of $550.
There are currently 14 properties listed for sale, and 2 properties listed for rent in Copacabana on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Copacabana.

Suburb Insights for Copacabana 2251

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.