FOR SALE
Expressions of Interest (Close 8th Nov 2024)

138 Elizabeth Avenue
Forest Hill NSW 2651

Bedrooms: -
Bathrooms: -
Car spaces: 67
Floor area: 5480m2
Land area: 2ha
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Investment Grade, 2.3*ha, Modern Commercial, Education and Accommodation Facility.

Ray White is pleased to be appointed exclusive selling agents for 138 Elizabeth Avenue, Forest Hill 2651 NSW, an investment grade, 2.3*ha, modern commercial, education and accommodation facility adjacent to the Wagga Wagga regional airport.
This well maintained asset consists of six* blocks of accommodation, totaling 179 rooms*, multiple male and female amenities, common rooms, cafeteria, (commercial grade kitchen) in ground pool, locker room, gymnasium, two level offices & classrooms.
Positioned on an approximate 23,800m2* allotment, with an approximate gross building area (GBA) 5,480m2*, the property benefits from its high level exposure with 495m* frontage to Don Kendall Drive with large parking lot, archives warehouse, multi purpose exercise court, significant solar system, and has potential for additional development, along with multi use accommodation purposes.
Full information memorandum including a detailed site plan is available upon request.
Two stage Expressions of Interest - (Administrator's Appointed)
Non binding offers submitted by 11:00am, Friday 8th November 2024
Geoff Palmer - 0437 892 522
Cassie Sheahan - 0409 032 712
Isaac Kane - 0458 400 262
Ray White | Wagga Wagga
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Property Details for 138 Elizabeth Ave, Forest Hill

Building Type
Commercial
Floor Size
5480m2
Land Size
2ha

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About Forest Hill 2651

The size of Forest Hill is approximately 42.6 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Forest Hill in 2011 was 2,216 people. By 2016 the population was 2,255 showing a population growth of 1.8% in the area during that time. The predominant age group in Forest Hill is 20-29 years. Households in Forest Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forest Hill work in a trades occupation. In 2011, 58.9% of the homes in Forest Hill were owner-occupied compared with 60% in 2016.

Forest Hill has 1,276 properties. Over the last 5 years, Houses in Forest Hill have seen a 85.70% increase in median value, while Units have seen a 39.88% increase. As at 30 November 2024:

  • The median value for Houses in Forest Hill is $456,107 while the median value for Units is $341,013.
  • Houses have a median rent of $480 while Units have a median rent of $315.
There are currently 32 properties listed for sale, and 3 properties listed for rent in Forest hill on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Forest hill.

Suburb Insights for Forest Hill 2651

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Geoff Palmer
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Cassie Sheahan
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Ray White Wagga Wagga
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.