FOR SALE
$420,000

23 Forbes Road
Parkes NSW 2870

Bedrooms: -
Bathrooms: -
Car spaces: 12
Floor area: 200m2
Land area: 734m2
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Excellent Renovated Opportunity

Attention all investors! Do not miss the opportunity to secure yourself a property in a very prominent location on the Forbes Road, Parkes. This property is situated perfectly right on the Newell highway directly mid way between Melbourne and Brisbane; it can not be missed. This property is fully tenanted with a long-term tenant paying $2000 + outgoings a month.
Enjoy the instant investment and secure this great opportunity. Features include easy access and ample off-street parking with appliances to run a fully functional commercial kitchen. This includes full stainless steel benches, large cool room, brand new grease trap and a large commercial pizza oven. Talk about endless opportunities for the tenants!
This property will be sold with a current lease in place. Do not miss out!
Call agent Nick Kelly on 0447 888 956 today to register your interest or to arrange a private inspection.

Property Details for 23 Forbes Rd, Parkes

Building Type
Commercial
Floor Size
200m2
Land Size
734m2

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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 68.34% increase in median value, while Units have seen a 34.50% increase. As at 31 October 2024:

  • The median value for Houses in Parkes is $397,339 while the median value for Units is $291,652.
  • Houses have a median rent of $430 while Units have a median rent of $275.
There are currently 101 properties listed for sale, and 27 properties listed for rent in Parkes on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Parkes.

Suburb Insights for Parkes 2870

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Contact agent
Nick Kelly
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Ray White Parkes
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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.