7-9 Bushman StreetParkes NSW 2870
Property Details for 7-9 Bushman St, Parkes
7-9 Bushman St, Parkes is a 0 bedroom, 0 bathroom House. The property has a land size of 3726m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 0 bedroom House sold in Parkes in the last 12 months.
Last Listing description (December 2018)
Auction 11am AEDT Tuesday 23 October 2018, Sydney
4 star AAA rated boutique accommodation hotel + restaurant & wine bar
30 year lease until 2044 + options to 2064
20 luxuriously appointed rooms plus DA approval (lapsed) for 30 additional rooms
Strong NSW growth region underpinned by mining, tourism, logistics, infrastructure, energy and agriculture with planned $8.4B government investment in Melbourne-Brisbane land & rail project
High level of repeat corporate clientele
Attractive depreciation benefits
Annual rent increases to greater of CPI or 3%
Net lease, tenant pays all outgoings
Net Income: $191,336 pa + GST
Property History for 7-9 Bushman St, Parkes, NSW 2870
- 15 May 2024Sold for $2,585,000
- 03 Mar 2023Listed for Sale Leasehold $695,000
- 15 Nov 2018Sold for $2,380,000
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0About Parkes 2870
The size of Parkes is approximately 975 square kilometres. It has 38 parks covering nearly 12% of total area. The population of Parkes in 2011 was 11,265 people. By 2016 the population was 11,421 showing a population growth of 1.4% in the area during that time. The predominant age group in Parkes is 0-9 years. Households in Parkes are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parkes work in a trades occupation. In 2011, 65.4% of the homes in Parkes were owner-occupied compared with 64.6% in 2016.
Parkes has 6,871 properties. Over the last 5 years, Houses in Parkes have seen a 68.34% increase in median value, while Units have seen a 34.50% increase. As at 31 October 2024:
- The median value for Houses in Parkes is $397,339 while the median value for Units is $291,652.
- Houses have a median rent of $430 while Units have a median rent of $275.
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