17-19 Spring StreetForbes NSW 2871
Property Details for 17-19 Spring St, Forbes
Last Listing description (August 2022)
+Renewed 5 year lease to May 2027
+Elders Rural Services: ASX listed and leading Australian agribusiness experts in Insurance, Real Estate and Rural Services since 1839
+Prominent 2,024 sqm site boasting three frontages totalling 130 m providing outstanding exposure to major freight route, the Newell Highway
+Forbes: commercial hub of Forbes Shire, agricultural / wheat district of Central West NSW, 375km west of Sydney with a trade catchment circa 9,934.
+Annual CPI rent increases
+Lessee pays usual outgoings, as per lease
+Newly add options assuring tenant long-term commitment
+Single tenant, minimal management investment
+Current Net Income: $87,095 pa + GST
For Sale by Auction
10.30am (AEST) Tuesday 2 August 2022
Yallamundi Rooms, Sydney Opera House
Property History for 17-19 Spring St, Forbes, NSW 2871
- 02 Aug 2022Sold for $1,420,000
- 08 Jul 2022Listed for Sale Price on Request
- 31 Oct 2017Sold for $1,010,000
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0About 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 5,223 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.
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