27-31 Forsyth StreetWagga Wagga NSW 2650
Property Details for 27-31 Forsyth St, Wagga Wagga
Last Listing description (December 2024)
Phone enquiries - please quote property ID 34198.
PRIME LOCATION in HEART of CBD : Corner of Berry and Forsyth Streets, Wagga Wagga, NSW
Lot 1 and Lot 2 SP 49643 27-31 Forsyth Street Wagga Wagga.
Prime Investment Opportunity in Wagga’s Thriving CBD
Unlock the potential of this outstanding commercial property, perfect for savvy investors, developers, and forward-thinking purchasers eager to capitalise on a high-yield asset with development opportunities.
Property Overview:
Land Size: 2,023m² across two titles
Building Area: 850m²
Fully Tenanted: 6 shops, each generating strong returns with CPI increases secured
Located in the heart of Wagga’s bustling CBD, this property is zoned E2 Commercial Centre, with a maximum building height of 25m and recent approvals for higher developments—offering expansive growth potential.
Key Highlights:
43 Dedicated Car Parks: Spread across approximately 1,175m², providing the option to build above without disturbing current tenants or explore underground parking (STCA).
Steady Return on Investment: A reliable, fully leased property with built-in CPI increases for strong ongoing revenue.
Seize this rare opportunity to secure a performing asset in one of the region’s most dynamic commercial hubs.
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
Property History for 27-31 Forsyth St, Wagga Wagga, NSW 2650
- 08 Dec 2024Sold
- 21 Aug 2024Listed for Sale Not Disclosed
- 22 Jun 2023Listed for Sale Expressions of Interest
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0About Wagga Wagga 2650
The size of Wagga Wagga is approximately 8.9 square kilometres. It has 13 parks covering nearly 21% of total area. The population of Wagga Wagga in 2011 was 6,961 people. By 2016 the population was 7,109 showing a population growth of 2.1% in the area during that time. The predominant age group in Wagga Wagga is 20-29 years. Households in Wagga Wagga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wagga Wagga work in a professional occupation. In 2011, 47.8% of the homes in Wagga Wagga were owner-occupied compared with 45.5% in 2016.
Wagga Wagga has 6,079 properties. Over the last 5 years, Houses in Wagga Wagga have seen a 64.76% increase in median value, while Units have seen a 60.89% increase. As at 30 November 2024:
- The median value for Houses in Wagga Wagga is $563,919 while the median value for Units is $369,665.
- Houses have a median rent of $490 while Units have a median rent of $390.
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