2 Pitt StreetCowra NSW 2794
Property Details for 2 Pitt St, Cowra
2 Pitt St, Cowra is a 0 bedroom, 0 bathroom House. The property has a land size of 1006m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (September 2023)
Burgess Rawson is delighted to offer to the market 2-4 Pitt Street, Cowra NSW for sale via our Investment Auction Portfolio 163.
The property has the following key investment highlights:
+ New 15 year lease to 2038 plus 2 further 10 year options to 2058
+ Impressive new facility will offer substantial depreciation
+ Strong trading and at capacity, 43 LDC place centre
+ Ideal corner position, opposite Mulyan Public School
+ Tenant responsible for 100% of outgoings, as per lease
+ Fixed 3% annual rent increases
+ Market Review on each 10th anniversary of the commencement date to the higher of market rent and fixed 3.5%
+ Net Income: $141,447 pa* + GST
For Sale by Investment Portfolio Auction
10:30am (AEST) Tuesday 12 September 2023
Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
Property History for 2 Pitt St, Cowra, NSW 2794
- 08 Sep 2023Sold for $2,725,000
- 14 Aug 2023Listed for Sale Contact Agent
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0About Cowra 2794
The size of Cowra is approximately 893.4 square kilometres. It has 32 parks covering nearly 2% of total area. The population of Cowra in 2011 was 9,730 people. By 2016 the population was 10,057 showing a population growth of 3.4% in the area during that time. The predominant age group in Cowra is 60-69 years. Households in Cowra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cowra work in a labourer occupation. In 2011, 67.1% of the homes in Cowra were owner-occupied compared with 66.8% in 2016.
Cowra has 5,976 properties. Over the last 5 years, Houses in Cowra have seen a 61.93% increase in median value, while Units have seen a 26.53% increase. As at 31 October 2024:
- The median value for Houses in Cowra is $376,451 while the median value for Units is $240,398.
- Houses have a median rent of $375 while Units have a median rent of $230.
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