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25a & 25b Church Street
Parkes NSW 2870

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 386m2
Land area: 387m2
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High Exposure Commercial Investment in Rapid-Growth Regional Hub

Secure long-term healthcare tenant providing consistent rental income of $133,127.04 per annum in the booming town of Parkes, NSW.
Positioned in a prime location, in the Parkes central business district. Not only does this property offers exceptional visibility and accessibility, it also has historic street appeal and is located near key transport routes, including the Newell Highway and the Parkes Intermodal National Logistics Hub.
Parkes is set for unprecedented growth, backed by significant infrastructure investment from the NSW Government, major mining projects, Inland Rail, and export growth. With freight transport expected to surge by 2034 and overnight delivery available to 80% of Australia's population, the region is a key player in the future of national logistics.
Lease Term: 5 years with an option for an additional 5 years (until 2033)
Outgoings paid by tenant: Strata, council rates, and water rates.
Projected Growth: The Central West is anticipated to contribute $17.4 billion to Australia's economy by 2031
Lease Details: 5-year term (July 17, 2023 - July 16, 2028), with a 5-year option (July 17, 2028 - July 16, 2033).
Outgoings Paid by Tenant:
Lot 1 (25A Church St):
Strata: $4,021 p.a.
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Property Details for 25a & 25b Church St, Parkes

Building Type
Commercial
Floor Size
386m2
Land Size
387m2

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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 6,852 properties. Over the last 5 years, Houses in Parkes have seen a 68.46% increase in median value, while Units have seen a 40.88% increase. As at 30 November 2024:

  • The median value for Houses in Parkes is $413,132 while the median value for Units is $302,311.
  • Houses have a median rent of $430 while Units have a median rent of $280.
There are currently 82 properties listed for sale, and 24 properties listed for rent in Parkes on OnTheHouse. According to CoreLogic's data, 248 properties were sold in the past 12 months in Parkes.

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Jim O'Donoghue
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Tracie Robertson
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Ray White Parkes
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