FOR SALE
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7 Michigan Road
Kelso NSW 2795

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1100m2
Land area: 3480m2
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**NEW LEASE SIGNED** Prime Industrial Shed in Kelso, Bathurst, NSW

**NEW LEASE SIGNED** Prime Industrial Shed in Kelso, Bathurst, NSW
Location: Kelso, Bathurst, NSW
Proximity: Just 2.5 hours from Sydney, 1 km from the Great Western Highway
Discover an exceptional investment opportunity with this large-scale industrial shed situated in a prestigious blue-chip industrial precinct in Kelso, Bathurst. Benefiting from a strategic location and strong regional economic growth, this property is ideal for savvy investors seeking reliable returns and future growth potential.
Property Highlights:
1. Brand New Lease: The property is leased to a reputable blue-chip tenant, with a newly signed lease commencing January 2025. This ensures a secure rental income and long-term stability.
2. Attractive Rental Income: The shed generates a robust rental income of $8,850.00 per month (including GST), plus estimated annual outgoings around $10,000 (commencing Jan 2025) This presents a favourable yield compared to traditional investment avenues.
3. Strategic Location: Located just 1 km from the major arterial road, Great Western Highway, this property enjoys excellent accessibility, facilitating smooth logistics and transport operations. The proximity to key transport routes enhances its appeal for tenants and businesses alike.
4. Development Potential: The site boasts significant potential for future development. With increasing demand for industrial space in the region, there is an opportunity to expand or repurpose the property to accommodate a variety of uses, which could lead to increased yields. Investors can explore options for further development or redevelopment, aligning with the growing industrial landscape of the area.
5. Investment Benefits: This property not only provides immediate cash flow but also offers the potential for capital appreciation as the industrial market in Bathurst continues to evolve. The combination of a secure lease and the possibility of enhancing the property's value through development makes this an enticing opportunity for both seasoned investors and newcomers alike.
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Property Details for 7 Michigan Rd, Kelso

Building Type
Commercial
Floor Size
1100m2
Land Size
3480m2

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About Kelso 2795

The size of Kelso is approximately 31.8 square kilometres. It has 19 parks covering nearly 4% of total area. The population of Kelso in 2011 was 7,725 people. By 2016 the population was 8,947 showing a population growth of 15.8% in the area during that time. The predominant age group in Kelso is 0-9 years. Households in Kelso are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelso work in a professional occupation. In 2011, 69.7% of the homes in Kelso were owner-occupied compared with 68.2% in 2016.

Kelso has 5,144 properties. Over the last 5 years, Houses in Kelso have seen a 56.20% increase in median value, while Units have seen a 49.86% increase. As at 30 November 2024:

  • The median value for Houses in Kelso is $721,919 while the median value for Units is $440,200.
  • Houses have a median rent of $550 while Units have a median rent of $390.
There are currently 79 properties listed for sale, and 16 properties listed for rent in Kelso on OnTheHouse. According to CoreLogic's data, 228 properties were sold in the past 12 months in Kelso.

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