1/16 Parkes RoadForbes NSW 2871
Property Details for 1/16 Parkes Rd, Forbes
Last Listing description (July 2024)
BLUE RIBBON INVESTMENT - RARE HIGH PROFILE LOCATION
You won't get much better exposure then this perfectly positioned premises! Situated on busy newell highway frontage with other large retail & commercial outlets surrounding this would would make the ideal investment for years to come! Featuring
* Approx 900sqm floor space
* Store room area
* Rear lane access with loading area
* Out door area with potential for a variety of uses
* Ample customer parking
* Toilet facilities
* Zoned: B5 Business development
* Leased to Martinus Rail PTY LTD (18 month lease ) $900pw (excl GST)
* Video walk through available on request
Don't miss this rare location situated strategically located on the busy newell highway frontage. Forbes itself is experiencing significant growth, with the district and surrounding areas, showcasing promising development prospects. In fact, the Forbes area is expected to grow by an impressive 32% over the next 20 years placing Forbes, as it is the highest growth Local Government area in the Central West and sitting strong within the top ten high growth areas in NSW.
Offers prior to Auction will be considered.
For a private viewing call Brendon Allegri 0416 930 197 or E: brendon.allegri@raywhite.com
Property History for 1/16 Parkes Rd, Forbes, NSW 2871
- 05 Jul 2024Sold for $760,000
- 09 May 2024Listed for Sale Auction
- 19 Dec 2023Listed for Sale $785,000
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0About Forbes 2871
The size of Forbes is approximately 980.3 square kilometres. It has 21 parks covering nearly 0.2% of total area. The population of Forbes in 2011 was 7,559 people. By 2016 the population was 8,435 showing a population growth of 11.6% in the area during that time. The predominant age group in Forbes is 0-9 years. Households in Forbes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forbes work in a professional occupation. In 2011, 66.7% of the homes in Forbes were owner-occupied compared with 68.3% in 2016.
Forbes has 5,195 properties. Over the last 5 years, Houses in Forbes have seen a 68.34% increase in median value, while Units have seen a 61.89% increase. As at 31 October 2024:
- The median value for Houses in Forbes is $350,805 while the median value for Units is $290,967.
- Houses have a median rent of $400 while Units have a median rent of $255.
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