FOR SALE
Expressions of Interest - Sneak preview

22-28 Forbes Road
Parkes NSW 2870

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 5284m2
Land area: 5284m2
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Newell Highway frontage in busy regional centre

This exceptional land/development opportunity is now available for sale at 22-28 Forbes Road Parkes. Boasting a prime location in a sought-after area with great frontage to the busy Newell Highway corridor. Adjoining Super Cheap Auto to the North, sporting fields to the rear and adjacent to a Caravan Park and Cafe.
This aggregated site comprises a commercial shed with quality tenant in place, a vacant lot, and 2 leased residential houses, all with lease terms long enough to provide an income while you set about gaining approval for your chosen development.
Listed for sneak preview with a full Information Memorandum available from Monday October 16th. Available for purchase as an aggregated site including all 4 properties, or owner will consider selling part there of.
Please email tracie.robertson@raywhite.com to register your interest and receive an information memorandum. Expressions of Interest are open until Thursday November 30th 2023.

Property Details for 22-28 Forbes Rd, Parkes

Building Type
Commercial
Floor Size
5284m2
Land Size
5284m2

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About Parkes 2870

The size of Parkes is approximately 975 square kilometres. It has 38 parks covering nearly 12% of total area. The population of Parkes in 2011 was 11,265 people. By 2016 the population was 11,421 showing a population growth of 1.4% in the area during that time. The predominant age group in Parkes is 0-9 years. Households in Parkes are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parkes work in a trades occupation. In 2011, 65.4% of the homes in Parkes were owner-occupied compared with 64.6% in 2016.

Parkes has 6,875 properties. Over the last 5 years, Houses in Parkes have seen a 57.18% increase in median value, while Units have seen a 53.39% increase. As at 31 July 2024:

  • The median value for Houses in Parkes is $376,319 while the median value for Units is $354,321.
  • Houses have a median rent of $420 while Units have a median rent of $265.
There are currently 94 properties listed for sale, and 25 properties listed for rent in Parkes on OnTheHouse. According to CoreLogic's data, 259 properties were sold in the past 12 months in Parkes.

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Tracie Robertson
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Ray White Parkes
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