SOLD
Sold on 11 Jun 2024 for $900,000

40 Comur Street
Yass NSW 2582

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 942m2
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Property Details for 40 Comur St, Yass

Building Type
Land
Land Size
942m2
Local Government
Yass Valley
Lot/Plan
B/DP153622

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

Currently tenanted to well-known Active Ag Tyre Centre with storeroom, workshop, office space and showroom.

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.

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Property History for 40 Comur St, Yass, NSW 2582

A timeline of how this property has performed in the market
Last Sold
$900,000
11 Jun 2024
  • 11 Jun 2024
    Sold for $900,000
  • 27 Feb 2024
    Listed for Sale $925,000
  • 29 Apr 2022
    Sold for $630,000
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About 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 3,533 properties. Over the last 5 years, Houses in Yass have seen a 63.31% increase in median value, while Units have seen a 48.66% increase. As at 30 November 2024:

  • The median value for Houses in Yass is $679,830 while the median value for Units is $471,058.
  • Houses have a median rent of $530 while Units have a median rent of $420.
There are currently 25 properties listed for sale, and 7 properties listed for rent in Yass on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Yass.

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