51 Rankin StreetForbes NSW 2871
Property Details for 51 Rankin St, Forbes
51 Rankin St, Forbes is a 4 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 596m2. While the property is not currently for sale or for rent, it was last sold in February 2002.
Last Listing description (July 2024)
BUSINESS AND RESIDENCE OPPORTUNITY - WALK IN WALK OUT !
Very popular local Chinese restaurant with street frontage, building plus residence is up For Sale. Current owners would like to retire. They will keep operating the restaurant until the property is sold.
Forbes is approximately 5 hours drive west of Sydney and is located on the busy Newell Highway which links Melbourne to Brisbane. Our town is simply picturesque, set on the Lachlan River and has beautiful Lake Forbes as our centrepiece - a lovely place to live, work or invest!
This spacious property is currently run as a large and very popular Chinese restaurant with street frontage on Rankin Street. It boasts a large seating area, cash register area, wood fire, air conditioning and updated floor coverings throughout. There are also male and female toilets for patrons. Beyond the toilets you have further storage space or potentially another downstairs residence including a functional bathroom.
There is a large commercial style kitchen which features a large bench area in the middle of the kitchen, a double bay stainless steel sink with drying areas, a commercial dishwasher, 4 wok burners and grill with range hood, 2 bay deep fryer, 2 microwaves, an additional two large tub sinks and ample storage room with a pantry off the side.
Out the back of the building is an impressive courtyard with rear access that leads onto a large fully usable herb and veggie garden and two sheds with roller door access for all your storage needs!
Upstairs is a residence that is sure to impress with its size! It includes a kitchen and classic bathroom, 2 long hallways, 4 spacious bedrooms and two large living/dining areas to fit the whole family.
If you are seeking the perfect country escape, a new location to venture into business, a great investment or a unique renovation project then this may just be the one for you!
Contact Tara Kelly on 0418 465 407 or Kaitlin Steele on 0428 044 865 TODAY to arrange your inspection of this incredible property and to receive an Information Memorandum including Floor Plan!
Property History for 51 Rankin St, Forbes, NSW 2871
- 23 Aug 2023Listed for Sale $550,000
- 01 Sep 2020Listed for Sale $550,000
- 11 Feb 2002Sold for $199,500
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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 5,173 properties. Over the last 5 years, Houses in Forbes have seen a 52.26% increase in median value, while Units have seen a 24.14% increase. As at 31 January 2026:
- The median value for Houses in Forbes is $391,123 while the median value for Units is $420,425.
- Houses have a median rent of $400 while Units have a median rent of $350.
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