157 Sharp StreetCooma NSW 2630
Property Details for 157 Sharp St, Cooma
Last Listing description (May 2026)
LJ Hooker Commercial Queanbeyan is pleased to present this rare opportunity to secure a landmark property in the heart of Cooma's CBD. Positioned on a high-exposure corner adjacent to a busy roundabout, this historic building has been home to Westpac for decades, with the Bank of NSW occupying it since 1914. A new variation of the lease has occurred locking the tenant into the 20/12/2030 (5 years) with 4 options of three (3) years until 2042.
Property Features:
- Recently upgraded and refurbished air conditioning system.
- Two-Storey Residence:
- Upstairs: Four spacious bedrooms with 3.1m ornate ceilings, wide skirtings, thick cedar doors with original brass fittings, period windows, and a fireplace.
- Downstairs: Large living and dining areas, kitchen, laundry, and a brick single garage.
- The building does not cover the entire site, allowing for further potential.
Lease Details:
- Westpac Bank Lease expiring 20/12/2030 + 12 years of options.
- Rent: $5,901.50 per month ($70,818 p.a. + GST)
- Annual CPI-based rent increases
- Outgoings: 60% paid by tenant
- Residence On Going tenant ( vendor manages)
- Rent: $1,345.60 per month ($16,147.20 p.a.)
- Tenant has paid rent in advance until March 2026
- Outgoings: 40% paid by tenant
Financials:
- Combined Gross Rent: $86965.2 p.a.
- Outgoings: Fully covered by tenants
- Net Yield: 6.2% starting yield @ $1.4 million asking price.
A Unique Opportunity:
This is a rare chance to secure a high-profile, fully leased passive investment with strong rental returns in a prime location. 100% outgoings are paid by the tenants. This is an ideal investment for a self-managed super fund or to add to your investment portfolio.
For more information or to arrange an inspection contact our office.
Inspections by appointment only.
Property History for 157 Sharp St, Cooma, NSW 2630
- 26 May 2026Sold
- 05 Nov 2025Listed for Sale Sold
- 12 Oct 2018Listed for Sale $1,500,000
Recent sales nearby
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0About Cooma 2630
The size of Cooma is approximately 97.8 square kilometres. There are 16 parks, covering nearly 4.2% of the total area. The population of Cooma in 2016 was 6681 people. By 2021 the population was 6715 showing a population growth of 0.5% in the area during that time. The predominant age group in Cooma is 30-39 years. Households in Cooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooma work in a professional occupation.In 2021, 67.20% of the homes in Cooma were owner-occupied compared with 64.50% in 2016.
Cooma has 4,027 properties. Over the last 5 years, Houses in Cooma have seen a 39.55% increase in median value, while Units have seen a 222.11% increase. As at 30 April 2026:
- The median value for Houses in Cooma is $527,800 while the median value for Units is $720,312.
- Houses have a median rent of $520 while Units have a median rent of $365.
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