FOR SALE
$2,550,000

27-31 Forsyth Street
Wagga Wagga NSW 2650

Bedrooms: -
Bathrooms: -
Car spaces: 30
Floor area: 850m2
Land area: 2023m2
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PRIME LOCATION in HEART of CBD Wagga Wagga

Phone enquiries - please quote property ID 34198.
PRIME LOCATION in HEART of CBD : Corner of Berry and Forsyth Streets, Wagga Wagga, NSW
Lot 1 and Lot 2 SP 49643 27-31 Forsyth Street Wagga Wagga.
Recently divided into 6 tenancies ..presents very well with CPI Increases built into tenancies to make up for lower rents secured during COVID years, also Low Capital Growth since Global Financial Crisis so ripe for a Capital Growth surge with the expectation of lower Interest Rates in the coming year.
The property sits in the heart of Wagga’s CBD, 2032 sqm of land, is zoned E2 Commercial Centre and has a max building height of 25m although WWCC have approved higher developments recently. The location is extremely strong in the heart of Wagga’s CBD.
This exceptional commercial retail complex is perfectly positioned in the heart of Wagga Wagga's bustling CBD, a hotspot for business and retail activities. With its prime location on one of the busiest roundabouts in the CBD, this property offers unparalleled visibility and high foot traffic.
Close to major Shopping Malls Woolworths, Coles, Aldi, Post Office, banks, Supercheap Auto, Wagga Fruit Supply, and Wagga Meat Supply, The Oasis Aquatic Centre & Gyms.
Loads of parking around the area as well as on the property itself.
Property Features:
* Total Land Size: [2023 sqm] - strata titles
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Property Details for 27-31 Forsyth St, Wagga Wagga

Building Type
Commercial
Floor Size
850m2
Land Size
2023m2

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About Wagga Wagga 2650

The size of Wagga Wagga is approximately 8.9 square kilometres. It has 13 parks covering nearly 21% of total area. The population of Wagga Wagga in 2011 was 6,961 people. By 2016 the population was 7,109 showing a population growth of 2.1% in the area during that time. The predominant age group in Wagga Wagga is 20-29 years. Households in Wagga Wagga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wagga Wagga work in a professional occupation. In 2011, 47.8% of the homes in Wagga Wagga were owner-occupied compared with 45.5% in 2016.

Wagga Wagga has 6,036 properties. Over the last 5 years, Houses in Wagga Wagga have seen a 64.07% increase in median value, while Units have seen a 56.42% increase. As at 30 September 2024:

  • The median value for Houses in Wagga Wagga is $562,557 while the median value for Units is $348,780.
  • Houses have a median rent of $490 while Units have a median rent of $380.
There are currently 78 properties listed for sale, and 69 properties listed for rent in Wagga wagga on OnTheHouse. According to CoreLogic's data, 256 properties were sold in the past 12 months in Wagga wagga.

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