16 Sherriff Street, Forbes, NSW 2871 sold on 13 April 2026 | OnTheHouse
 
SOLD
Sold on 13 Apr 2026 for $1,048,000

16 Sherriff Street
Forbes NSW 2871

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Property Details for 16 Sherriff St, Forbes

Building Type
Commercial
Local Government
Forbes
Lot/Plan
616/DP861214

Last Listing description (October 2022)

Entry Level Freehold Investment

Burgess Rawson is pleased to offer to the market, Rabobank at Forbes NSW for sale via our Auction Investment Portfolio 156.

The property has the following investment highlights:

+ 3 year lease to 2024 plus options to 2033

+ Rabobank: agribusiness experts and one of the world's largest rural lenders
+ Lessee pays usual outgoings
+ Annual CPI rent reviews
+ Prominent 1,044sqm* site with 33m* frontage and 8 car spaces
+ Impressive 201sqm* building
+ Forbes: commercial hub of Forbes Shire, agricultural/wheat district of Central West NSW, trade catchment circa 9,400+
+ Net Income: $76,424 pa* + GST

To be sold by Investment Portfolio Auction
10:30am (AEDT) Tuesday 25 October 2022
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed Burgess Rawson team for more information.

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Property History for 16 Sherriff St, Forbes, NSW 2871

A timeline of how this property has performed in the market
Last Sold
$1,048,000
13 Apr 2026
  • 24 Oct 2022
    Sold - Price Undisclosed
  • 26 Sep 2022
    Listed for Sale Contact Agent
  • 28 Jun 2016
    Sold - Price Undisclosed
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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 2016 was 8432 people. By 2021 the population was 8157 showing a population decline of 3.3% in the area during that time. The predominant age group in Forbes is 10-19 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 2021, 67.30% of the homes in Forbes were owner-occupied compared with 68.30% in 2016.

Forbes has 5,231 properties. Over the last 5 years, Houses in Forbes have seen a 58.23% increase in median value, while Units have seen a 33.75% increase. As at 30 April 2026:

  • The median value for Houses in Forbes is $419,587 while the median value for Units is $433,042.
  • Houses have a median rent of $420 while Units have a median rent of $310.
There are currently 74 properties listed for sale, and 18 properties listed for rent in Forbes on OnTheHouse. According to Cotality's data, 231 properties were sold in the past 12 months in Forbes.

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