157 Sharp Street, Cooma, NSW 2630 | Commercial for sale | OnTheHouse
 
FOR SALE
$1,500,000

157 Sharp Street
Cooma NSW 2630

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 310m2
Land area: 632m2
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Prime Passive Investment Opportunity Historic Westpac Bank Building & Residenc

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:
- Banking Chamber (310sqm): Long reception and service area, three interview rooms, two offices, kitchen, two toilet rooms, and storage.
- 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.
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Property Details for 157 Sharp St, Cooma

Building Type
Commercial
Floor Size
310m2
Land Size
632m2
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About Cooma 2630

The size of Cooma is approximately 97.8 square kilometres. It has 16 parks covering nearly 4.2% of 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 4,026 properties. Over the last 5 years, Houses in Cooma have seen a 57.41% increase in median value, while Units have seen a 160.67% increase. As at 31 October 2025:

  • The median value for Houses in Cooma is $501,550 while the median value for Units is $591,931.
  • Houses have a median rent of $470 while Units have a median rent of $380.
There are currently 59 properties listed for sale, and 16 properties listed for rent in Cooma on OnTheHouse. According to Cotality's data, 164 properties were sold in the past 12 months in Cooma.

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Adam Sutton
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LJ Hooker Queanbeyan
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