With the Central West's continued economic expansion, prime commercial prospects are becoming a rarity and Lot 27 Wenz Lane emerges as a distinct investment opportunity. Located in the charming town of Canowindra, this plot is ripe for development. As the allure of peaceful regional towns attracts more individuals, this parcel presents an excellent start or addition to your commercial portfolio.
Canowindra offers a blend of rural charm and historical significance. Set within the verdant vineyards of the Cabonne Region and graced by the Belubla River flowing through the town, Canowindra showcases a myriad of historical landmarks and prominent wines/vineyards in the region.
The Property:
- Zoning: E4 General Industrial.
- Land area: 1,416sqm's approx. Level lot.
- Council Rates: $569.50 pa. approx.
- Utilities: Town water/ electricity to block boundary.
The Town:
- Population: 2,400 approx.
- Total private dwellings: 1,150 approx.
- Annual International Hot Air Balloon Challenge.
- Schools: Canowindra Public School (Primary) & Canowindra High School (Secondary).
- Annual mean rainfall: 600.6mm / 23.6 inches (1886 2016).
The Location & Surrounds:
- Cowra: 32kms
- Orange: 58km's (Major economic and industrial hub in the Central West)
- Forbes: 70kms
- Parkes: 75kms
- Bathurst: 104kms (Major economic and industrial hub in the Central West)
- Dubbo: 178km's (Major economic and industrial hub in the Central West)
- Sydney: 300kms
*Shed render is an artist's impression and is for marketing. Cabonne council should be consulted on what structures are permitted and can gain DA approval on the lot.
The size of Canowindra is approximately 765.7 square kilometres. It has 9 parks covering nearly 9.2% of total area. The population of Canowindra in 2011 was 2,381 people. By 2016 the population was 2,260 showing a population decline of 5.1% in the area during that time. The predominant age group in Canowindra is 50-59 years. Households in Canowindra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Canowindra work in a managers occupation. In 2011, 71.1% of the homes in Canowindra were owner-occupied compared with 71.8% in 2016.
Canowindra has 1,553 properties. Over the last 5 years, Houses in Canowindra have seen a 97.85% increase in median value, while Units have seen a 2210.97% increase. As at 31 October 2024:
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