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Located in the thriving Snowy Mountains township of Cooma, this DA approved development site offers rare opportunity to acquire a large, fully level site comprising of 3628 Square meters of land with approved DA ready to go for a mixed 10 townhouse development.
The Regional township of Cooma is currently experiencing a growth boom off the back of the $6 + Billion Federal Government Snowy 2.0 Hydro Generation project which has seen significant demand for high quality rental properties and strong investor interest in the area. Couple this with an approximate 35%-40% increase in residential property prices, Cooma is a strong growth area and this is an ideal opportunity to develop a quality town house development.
FEATURES INCLUDE:
- 3628 square meters of level land fronting Mittagang Road in residential Cooma
- Current DA Approval for 10 single and double story 2 & 3 Bedroom Townhouses
- Town water - sewer & drainage access on the block
- Great location to 3 primary & 2 high school options along with being waling distance to Snowy Hydro Headquarters
- Outstanding rental returns available for this type of product in the current market. Yield expected in the area of 6% gross per unit unfurnished, significantly more if tenanted furnished.
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