65 Smith StreetKempsey NSW 2440
Property Details for 65 Smith St, Kempsey
Last Listing description (July 2021)
To enquire, please email or call 1300 815 051 and enter code 1574
If you are looking for a stable and secure investment showing a very positive return this property is for you.
The solid brick commercial premises was formally a banking chamber with manager's residence above and is located in Kempsey's CBD. Surrounding national brand names include Woolworths, Big W, Super Cheap Auto, Repco, Bunnings and well known food franchises.
An annual return of 7.90% makes this a very attractive investment opportunity. The current tenant commenced a three year lease in December 2019 with a three year option. The tenant pays for 100% of outgoings, including Council charges and rates, water usage, property insurance and air-conditioning maintenance.
Investment opportunities of this nature should be seriously considered.
Land Area 486.90 square metres
Building Area: 600.00 square metres
Zoning: B3 Core Commercial
To enquire, please email or call 1300 815 051 and enter code 1574
Property History for 65 Smith St, Kempsey, NSW 2440
- 23 Jun 2021Sold for $785,000
- 25 May 2021Listed for Sale $775,000
- 13 Nov 2018Listed for Sale $855,000
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0About Kempsey 2440
The size of Kempsey is approximately 7.8 square kilometres. It has 5 parks covering nearly 3.6% of total area. The population of Kempsey in 2011 was 390 people. By 2016 the population was 473 showing a population growth of 21.3% in the area during that time. The predominant age group in Kempsey is 50-59 years. Households in Kempsey are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kempsey work in a labourer occupation. In 2011, 50.9% of the homes in Kempsey were owner-occupied compared with 43.5% in 2016.
Kempsey has 716 properties. Over the last 5 years, Houses in Kempsey have seen a 56.05% increase in median value, while Units have seen a 71.50% increase. As at 31 October 2024:
- The median value for Houses in Kempsey is $406,539 while the median value for Units is $406,365.
- Houses have a median rent of $320 while Units have a median rent of $285.
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