SOLD
Sold on 19 Jul 2024 for $2,100,000

75-83 Lachlan Street
Forbes NSW 2871

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2756m2
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Property Details for 75-83 Lachlan St, Forbes

Building Type
Commercial
Land Size
2756m2
Local Government
Forbes
Lot/Plan
1/DP171965

Last Listing description (June 2023)

Elders Real Estate Forbes is instructed by the vendors to offer for sale this diverse multi-tenanted retail investment, located at 75-83 Lachlan Street, Forbes NSW. This high yielding property will be offered for Expressions of interest ending on Friday the 8th of April, 2022 at 5pm. This outstanding property provides a great opportunity for a sound commercial investment in a stable, prosperous and growing location in NSW.
Key Features
Multi-tenanted freehold investment in CBD location

Sizable site of *2,756 sqm
Mix retailers including K-Hub, craft store and art store
Secure income stream with leases to 2025 plus options
Exceptional on street customer parking with sealed rear lane access and loading dock
allowing for the easy and convenient loading of goods
Forbes: diverse local economy and growing Shire population underpinned by agriculture,
manufacturing, mining and transport
Estimated net income: $153,361

For a detailed information memorandum or to arrange an inspection please contact Emma Henderson 0417 224 222

*approx

Property History for 75-83 Lachlan St, Forbes, NSW 2871

A timeline of how this property has performed in the market
Last Sold
$2,100,000
19 Jul 2024
  • 19 Jul 2024
    Sold for $2,100,000
  • 21 Feb 2022
    Listed for Sale Expressions of Interest
  • 09 Apr 2013
    Sold for $1,541,000

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About 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 5,152 properties. Over the last 5 years, Houses in Forbes have seen a 71.93% increase in median value, while Units have seen a 34.52% increase. As at 30 September 2024:

  • The median value for Houses in Forbes is $347,977 while the median value for Units is $294,849.
  • Houses have a median rent of $400 while Units have a median rent of $260.
There are currently 79 properties listed for sale, and 14 properties listed for rent in Forbes on OnTheHouse. According to CoreLogic's data, 199 properties were sold in the past 12 months in Forbes.

Suburb Insights for Forbes 2871

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.