Rare Cooma offering: Industrial site on two hectares built for growth
You won’t see many industrial properties like this one on Polo Flat Road, Cooma, come to market any time soon.
This is, without a doubt, one of the largest and most versatile industrial offerings in recent years. It’s set on nearly 21,000 square metres of level industrial land with a substantial 3550-square-metre warehouse building. The property has easy accessibility, extensive hardstand and secure yard space.
It’s ideal as a transport or logistics hub or for other trade businesses within Cooma’s primary industrial precinct – and it’s located on the main freight corridor servicing the Snowy Mountains.
Luke Tozer of McGrath Snowy Mountains says 600 square metres of the site is leased until August, with the tenant indicating they intend to extend the lease.
“It’s a rare opportunity for investors, developers or large-scale operators seeking space, access and a long-term upside,” he says.
“The size of the warehouse allows for flexible leasing configurations, owner-occupation or future redevelopment into smaller industrial units or storage facilities – subject to usual approvals.”
Tozer says industrial land supply remains tight across the Snowy Monaro region, but demand continues to grow off the back of infrastructure and renewable energy projects.
“It represents a strong strategic acquisition with immediate income and long-term upside,” he says. “Opportunities like this in Cooma are extremely limited, especially with this combination of land and building.”
The property, which has a price guide of $3.8 million-$4 million, is being offered for sale via the Online Offers platform. Register and bid before 3:30pm, May 20.
