Land area – 2030 Sq Metres
Title – Lot 1 DP 124040 – Vacant block – 478.84 Sq Metres
Lot 3 DP 124039 – All Building – 1551 Sq Metres
Zoning – B3 Commercial Core
The Building – (Circa 1960’s) a double brick building with an iron roof. It is two storeys high on the external walls and three storeys high in the central gable.
Features of the Complex Include – Four, competition sized, squash courts in good order, a mezzanine viewing area (17m x 8m), men’s and ladies showers and toilets, a spa room, a retail display and counter area, a golf driving range, a half court tennis court, a workshop with shower and toilet, a spiral staircase, a party/entertainment room (7m x 5.2m) with an adjoining shower and toilet and a separate kitchenette. Heating is provided by two, large wood burning heaters. There is an outdoor games area with a high security fence. A safe area for children.
Accommodation – The services are sufficient for a live in owner.
Parking – Off street parking is available for at least 16 vehicles.
Rental Income – The Cooma Squash Club has weekly competitions and pays $27,000 per annum in rental. There is no lease.
Development Prospects – The zoning, land size and location present splendid opportunities for re-development.
Note – The vacant block may have a separate usage to the squash complex.
Permitted with council consent are; Child care centres, Commercial premises, Community facilities, Educational establishments, Entertainment facilities, Function centres, Hotel or motel accommodation, Information and education facilities, Medical centres, Passenger transport facilities, Recreation facilities (indoor), Registered clubs, Respite day care centres, Restricted premises, Roads, Shop top housing.
Permitted without consent; Environmental protection works, Home based child care.
History – For over 35 years, the squash complex has been owned and operated as a family business. Personal energy and interest ensured that the interest in squash survived. This sale presents an opportunity for another family to build the complex into a multi activity leisure centre (e.g. Gym, Exercise, Child minding, Function centre, a CBD multi unit accommodation complex and/or expand the squash competition.
Location in Cooma – Near the centre of town. Adjoins the Ex-Services Club, Picture theatre, Car repair, Solicitors, Catholic school, Close by are Council offices, Motel, Coles supermarket, Accountants, Primary school.
1. Both lots will be offered as a whole (if not sold as a whole)
2. Then Lots 1 & 3 will be offered separately (order to be determined)
Auction – 11am, 26th October, 2019
Venue – in our rooms, 150 Sharp St, Cooma 2630
Agent and Auctioneer – Don Menchin 0413 028 795
|R&H Suburb Summary||Houses|
|Number of sales||153|
|Median Rental Price||$325 p.w.|
|Change in Rental Rate (5yr)||25 %|
|R&H Suburb Summary||Units|
|Number of sales||5|
|Median Rental Price||$200 p.w.|
|Change in Rental Rate (5yr)||33 %|