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28-36 Johnson Street
Forbes NSW 2871

Bedrooms: -
Bathrooms: -
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Floor area: 4000m2
Land area: 5222m2
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Ray White Real Estate - 02 6851 1411

UNIQUE OPPORTUNITY!
A unique property situated within walking distance to the heart of the Forbes CDB , this elevated property was not affected by the recent floods as it is located on one of the highest points in Forbes. This 5,222 SQM former nursing home, with two street frontages and rear access is prime for a residential or tourist accommodation facility, commercial purposes, sub division and development, or perhaps even a combination of uses, subject to council approval. Forbes itself is experiencing significant growth, with government forecasts predicting an impressive 32% population growth over the next 20 years. Notable drivers for growth including further development of mining projects, expansion of rail services and connectivity to Inland Rail.
The property has 36 Bedrooms of which 13 Bedrooms have share ensuites whilst 23 have private ensuites, potentially 10 offices, an entertainment room with a kitchenette, along with a commercial kitchen, sitting room and dining room. 2 private carparks which can park up to 10 cars, a separate building housing a chapel/multipurpose room and a large street accessible colour-bond shed with mezzanine, highlights some of the exponential potential of this unique property.
Properties in this location, size and with facilities are highly sort after. The floor plan is available, which provides an overview of the property layout & design.
* 36 Bedrooms with ensuites
* Office spaces
* Chapel/Multi-purpose room
* Commercial Kitchen
* Dining Room
* Sitting Room
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Property Details for 28-36 Johnson St, Forbes

Building Type
Commercial
Floor Size
4000m2
Land Size
5222m2

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About Forbes 2871

The size of Forbes is approximately 980.3 square kilometres. It has 21 parks covering nearly 0.2% of total area. The population of Forbes in 2011 was 7,559 people. By 2016 the population was 8,435 showing a population growth of 11.6% in the area during that time. The predominant age group in Forbes is 0-9 years. Households in Forbes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forbes work in a professional occupation. In 2011, 66.7% of the homes in Forbes were owner-occupied compared with 68.3% in 2016.

Forbes has 5,142 properties. Over the last 5 years, Houses in Forbes have seen a 60.43% increase in median value, while Units have seen a 54.99% increase. As at 31 July 2024:

  • The median value for Houses in Forbes is $338,430 while the median value for Units is $353,102.
  • Houses have a median rent of $400 while Units have a median rent of $283.
There are currently 77 properties listed for sale, and 10 properties listed for rent in Forbes on OnTheHouse. According to CoreLogic's data, 200 properties were sold in the past 12 months in Forbes.

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Lee Marsh
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Ray White Parkes
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