92-94 Smith StreetKempsey NSW 2440
Property Details for 92-94 Smith St, Kempsey
Last Listing description (February 2017)
Wow, what a brilliant investment choice - a multi-purpose commercial site, tenant number one in place offering 8% nett return and, there's more land and infrastructure to lease out to a second and possibly third tenant - so yes, there's opportunity for massive returns.
Investors, this deserves your attention!Business operators, this also deserves your attention - you may just have a business that could operate here with/without the current current tenant (either way, this is a cheap way to get a 'big' slice of commercial real estate smack bang in the centre of Kempsey!).
- Tenant paying rent and all out goings equaling an 8% nett return and offering to stay on a 2+2 year lease. Also, this tenant is happy to only use half the yard and leave other half for 2nd or 3rd possible tenant/owners to occupy.
- A massive block of 1,568sqm.
- Room enough for several businesses to operate within.
- Zoned: B3 Commercial Core.
- With a big wide street frontage of 32m (depth of block 50m).
- Presents with massive street exposure - main CBD street, opposite the driveways to both Big W and McDonalds.
- Improvements include: Brisley Barn office/accommodation, car port shelter (enough for jamming 24 cars under in case of storms/hail), wash bay, grease trap, water recycling system, back-to-base alarm, phone system (3 phone lines), secure fencing.
- Town water, power.
"This block is so big, so well-shaped and positioned you could run 3 different business from here easily - in fact, it is doing so now: car sales, car detailing and Hertz rentals. Or knock-down and develop into something completely unrelated to the car industry."
Business owners and investors, this is 'the start in life you need'...Your very own work place/with accommodation and extra income or a GREAT investment return...Use what part of the block you need and rent the other space out.
Call us any day/anytime!
Property History for 92-94 Smith St, Kempsey, NSW 2440
- 24 Aug 2016Sold for $429,000
- 24 Nov 2015Listed for Sale $395,000 + GST
- 12 Dec 2014Listed for Sale $650,000
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0About Kempsey 2440
The size of Kempsey is approximately 7.8 square kilometres. There are 5 parks, covering nearly 3.6% of the total area. The population of Kempsey in 2016 was 474 people. By 2021 the population was 483 showing a population growth of 1.9% in the area during that time. The predominant age group in Kempsey is 50-59 years. Households in Kempsey are primarily single parents and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kempsey work in a community and personal service occupation.In 2021, 45.00% of the homes in Kempsey were owner-occupied compared with 43.50% in 2016.
Kempsey has 728 properties. Over the last 5 years, Houses in Kempsey have seen a 40.70% increase in median value, while Units have seen a 64.80% increase. As at 30 June 2026:
- The median value for Houses in Kempsey is $449,258 while the median value for Units is $421,755.
- Houses have a median rent of $320 while Units have a median rent of $290.
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