FOR SALE
$1,490,000

62-64 Smith Street
Kempsey NSW 2440

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1265m2
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10 Year Lease Solid Investment 1265sqm Investment in the Heart of Kempsey

With a 10 year lease in place, this solid investment is a rare opportunity for the astute investor. This 1265sqm (on title) commercial premises on the main road exposure is ideally located in Kempsey.
Featuring:
* Featuring 5 shops in total + parkings
* Shop 1 & 2- leased by Subway (lease 5 x 5 )
* Shop 3 & 4- leased by Master Kebab (lease 5 x 5 )
* Shop 5- lease by Little Noodle Box (lease 3 x 3)
* Currently leased at a total of $11,000 per month
* Great street exposure, perfect street frontage
* Council rate $8624.18 p/a
* Water $5620.48 p/a
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Property Details for 62-64 Smith St, Kempsey

Building Type
Commercial
Floor Size
1265m2

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About Kempsey 2440

The size of Kempsey is approximately 7.8 square kilometres. It has 5 parks covering nearly 3.6% of total area. The population of Kempsey in 2011 was 390 people. By 2016 the population was 473 showing a population growth of 21.3% in the area during that time. The predominant age group in Kempsey is 50-59 years. Households in Kempsey are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kempsey work in a labourer occupation. In 2011, 50.9% of the homes in Kempsey were owner-occupied compared with 43.5% in 2016.

Kempsey has 714 properties. Over the last 5 years, Houses in Kempsey have seen a 58.78% increase in median value, while Units have seen a 60.37% increase. As at 30 September 2024:

  • The median value for Houses in Kempsey is $409,102 while the median value for Units is $389,489.
  • Houses have a median rent of $320 while Units have a median rent of $285.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Kempsey on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Kempsey.

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Helene Ly
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Kho & Lee Property Group
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