59 Bombala Street, Cooma NSW 2630

Prominently located on Bombala Street next to Corby's Heating is this character filled building that offers those builders/handy men + women and renovators a great opportunity to complete internally to allow for a multi return investment property.

Features include:
*Solid granite and double brick structure
*Opportunity for up to 5 residential units, 1-2 bedrooms
*Great returns available to investors and self managed super funds, 10% return could be expected (not including cost to renovate)
*Internally there is work needed before any letting occurs, mostly decor and kitchenettes needed, bathrooms in the main are good
*The building has a commercial zoning and therefore allows for a range of business uses
*Prominent location and convenient walking distance to Cooma's CBD
*Character building offering great versatility for a range of uses
*In need of updating and fitting out to your liking but structure presents well
*Ideal opportunity to update to residential flat complex that could entail 4-5 flats. Currently has 5 bathrooms, dated but in good condition. Old kitchens have been removed ready to be updated
* Great returns above 10% would be expected for unit complex once ready to lease out. Strong rental market in Cooma and low interest rates

Take advantage of low interest rates and a strong rental market now!