Theo Poulos Real Estate is pleased to offer For Sale 86 Katoomba St to the astute investor, this leaseback opportunity is the perfect chance to secure a long term profitable investment.
An air conditioned solid brick building (the former Westpac Bank ), extends over three levels with the basement approx. 83sqm, ground floor approx. 232sqm and the first floor 176sqm for an approx. GLA of 491sqm.
The current occupier, Summit Gear Pty Ltd will be leasing back the property with a long term attractive lease at purchase.
The size of Katoomba is approximately 22.2 square kilometres. There are 45 parks, covering nearly 23.1% of the total area. The population of Katoomba in 2016 was 7964 people. By 2021 the population was 8268 showing a population growth of 3.8% in the area during that time. The predominant age group in Katoomba is 60-69 years. Households in Katoomba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Katoomba work in a professional occupation.In 2021, 63.50% of the homes in Katoomba were owner-occupied compared with 63.60% in 2016.
Katoomba has 6,182 properties. Over the last 5 years, Houses in Katoomba have seen a 16.87% increase in median value, while Units have seen a 19.29% increase. As at 31 August 2026:
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