Now this is a great commercial property with potential rent return of approximately $60,000 PA.
Located in the heart of the lively Snowy Mountains town of Cooma and right opposite the largest new car dealer in southern NSW.
The building started life as a motor vehicle dealership back in the 1920s with shops and residential units.The buildings have played host to excellent businesses with great tenants, some very long term. An Alfa Romeo dealer through the 1980s and a used car dealer and workshop through the 1990s and 2000s with brilliant turnover. The dry Cleaners shop has been there for 30 years or more and Ray White Real Estate leased the whole top floor for many years.
The building consists of a large showroom and workshop of around 350 square metres in size, as well as a separate building with lower level shops of 170 square metres housing the Dry Cleaners, a small shop as well as two spacious apartments above.
The showroom features current fire and security systems, offices, display space,toilets and wash facilities for both sexes and has an extremely high profile.
The separate shop front with Dry Cleaners, shop and units above has a lovely Art Deco facade. the units above will require renovations but when complete will rent well or excellent 4 bedroom two bath home for the new owner.
Currently the showroom is leased to Cooma Plant and Equipment Hire leasing at $25,000 PA on a 3×3 year basis.The small shop is leased at $10,000 PA on a monthly basis.
The Dry Cleaners shop is leased to a great tenant at $13,000 PA.Also 3×3.
Potential rent return if the whole facility where leased is around of $60,000 Pa.
This site will offer many years of passive income as well as accommodation if needed
Call or text David Stanmore 0408499961
Email direct davidstanmore@gmail.com