40 Comur StreetYass NSW 2582
Property Details for 40 Comur St, Yass
Last Listing description (June 2024)
It is rare that a commercial property of this size comes on the market in the Yass main street. Located in a prominent position opposite the Yass Court House, this property has been owned by the same family for over 30 years.
Commercial Property.
Fantastic visibility - one of the most prominent commercial positions in Yass
Annual Rent: $39,000 per annum
Outgoings: 50%
Lease Term: 3 years
Rent Review: Annually
Expiry: 31 October 2026
Residential tenancy:
Currently rented for $380 per week for 6 months, the flat has a north facing living room, three bedrooms and a large kitchen. $19,760 pa.
TOTAL RETURN: $58,760 pa
Currently there are three residential developments under construction in Yass, which once finalised will see a significant boost in the Yass population. The commercial precinct from the bridge at 40 Comur Street all the way up to Polding Street will come under increasing upward price pressure due to this population growth and lack of other commercial opportunity in the main street.
Adding to this is the duplication of the Barton Highway and decreasing lot sizes in the ACT and significant price growth also in the ACT
*All efforts have been made to make sure this information is correct, however you should make your own enquires and rely on them.
Property History for 40 Comur St, Yass, NSW 2582
- 11 Jun 2024Sold for $900,000
- 27 Feb 2024Listed for Sale $925,000
- 29 Apr 2022Sold for $630,000
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0About Yass 2582
The size of Yass is approximately 93.2 square kilometres. It has 22 parks covering nearly 1.2% of total area. The population of Yass in 2011 was 6,328 people. By 2016 the population was 6,511 showing a population growth of 2.9% in the area during that time. The predominant age group in Yass is 0-9 years. Households in Yass are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yass work in a professional occupation. In 2011, 71.9% of the homes in Yass were owner-occupied compared with 72.6% in 2016.
Yass has 3,518 properties. Over the last 5 years, Houses in Yass have seen a 65.24% increase in median value, while Units have seen a 47.44% increase. As at 31 October 2024:
- The median value for Houses in Yass is $692,341 while the median value for Units is $461,228.
- Houses have a median rent of $530 while Units have a median rent of $420.
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