SOLD
Sold on 16 Jan 2024 for $671,000

4 Kollas Drive
Cowra NSW 2794

Bedrooms: -
Bathrooms: -
Car spaces: 7
Land area: 1615m2
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Property Details for 4 Kollas Dr, Cowra

Building Type
Commercial
Land Size
1615m2
Local Government
Cowra
Lot/Plan
23/DP1096603

Last Listing description (October 2023)

This property is a rare offering. Located in the New West Cowra Industrial Estate and surrounded by quality built commercial buildings is the opportunity to purchase this 1650m2 site with building built in 2021.
Currently split into two commercial investment spaces each unit offers a lunch room, toilet, shower, disabled toilet, personal access door and roller door.
The site offers 6 general carparks and a disabled carpark as well as a truck manoeuvring area making heavy vehicle access easy and a 6m gate entry.

Each unit is separately metered for water and sewer allowing outgoings to be charged to the tenants.
Both units are currently tenanted with tenants in place until 2024.
Features of property:
UNIT 1
Size: 238.57m2
Rental return: $1745.33/month
outgoings: Water access $206 + $2.78 per Kilolitre
Sewer access $281 + $0.90
Tenancy in place until April 2024
UNIT 2
Size: 238.17m2
Rental return: $1745.33/month
outgoings: Water access $206 + $2.78 per Kilolitre
Sewer access $281 + $0.90
Tenancy in place until June 2024
General Features
2 Units within building
Total Building Footprint 490m2
Site Size 1650m2
33.3m Street Frontage
6m entry gate
Quality Industrial secure fencing
6 carparks + 1 disabled carpark
Separately water metered and sewer access
6% Return
2.1km from CBD
Built in 2021
Zoned IN2 Lite industrial
Rates $4673.77
Many businesses have relocated to the new industrial subdivision making this a wonderful investment opportunity now and into the future with the surrounding business hub providing a solid position into the future.
For further information relating to the this site contact Stephen Haslam 0419 242 666.

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Property History for 4 Kollas Dr, Cowra, NSW 2794

A timeline of how this property has performed in the market
Last Sold
$671,000
16 Jan 2024
  • 16 Jan 2024
    Sold for $671,000
  • 21 Sep 2023
    Listed for Sale By Negotiation
  • 24 Feb 2021
    Sold for $99,000
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About 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 5,980 properties. Over the last 5 years, Houses in Cowra have seen a 69.38% increase in median value, while Units have seen a 22.03% increase. As at 30 November 2024:

  • The median value for Houses in Cowra is $387,653 while the median value for Units is $285,532.
  • Houses have a median rent of $375 while Units have a median rent of $230.
There are currently 40 properties listed for sale, and 2 properties listed for rent in Cowra on OnTheHouse. According to CoreLogic's data, 248 properties were sold in the past 12 months in Cowra.

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