19-21 Rankin StreetForbes NSW 2871
Property Details for 19-21 Rankin St, Forbes
Last Listing description (December 2023)
MULTIPLE TENANT INCOME - INVESTORS TAKE NOTE
If you've been looking for your next investment opportunity, don't go past 19-21 Rankin street you'll benefit from not one but three income streams! With premises facing high profile Rankin Street full tenanted and a third shop front facing Lawler Street the potential rental return on this investment exceeds 9%.
* Tenants Joblink - $1339 per month - expiring 30/6/2025
* Lawler street entrance - currently vacant & expecting $250 per week
For more information or to arrange a viewing , contact agent Brendon Allegri 0416 930 197
Property History for 19-21 Rankin St, Forbes, NSW 2871
- 11 Jan 2024Sold for $472,500
- 13 Nov 2023Listed for Sale $495,000
- 06 Dec 2019Listed for Sale $425,000 GST Exempt
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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 5,142 properties. Over the last 5 years, Houses in Forbes have seen a 60.43% increase in median value, while Units have seen a 54.99% increase. As at 31 July 2024:
- The median value for Houses in Forbes is $338,430 while the median value for Units is $353,102.
- Houses have a median rent of $400 while Units have a median rent of $283.
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