27-31 Forsyth Street Wagga Wagga NSW 2650
$2,550,000.00

DESCRIPTION

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.
Recently divided into 6 tenancies ..presents very well with CPI Increases built into tenancies to make up for lower rents secured during COVID years, also Low Capital Growth since Global Financial Crisis so ripe for a Capital Growth surge with the expectation of lower Interest Rates in the coming year.

The property sits in the heart of Wagga’s CBD, 2032 sqm of land, is zoned E2 Commercial Centre and has a max building height of 25m although WWCC have approved higher developments recently. The location is extremely strong in the heart of Wagga’s CBD.

This exceptional commercial retail complex is perfectly positioned in the heart of Wagga Wagga's bustling CBD, a hotspot for business and retail activities. With its prime location on one of the busiest roundabouts in the CBD, this property offers unparalleled visibility and high foot traffic.

Close to major Shopping Malls Woolworths, Coles, Aldi, Post Office, banks, Supercheap Auto, Wagga Fruit Supply, and Wagga Meat Supply, The Oasis Aquatic Centre & Gyms.

Loads of parking around the area as well as on the property itself.

Property Features:
* Total Land Size:
- strata titles
* Land is on two lots
* Building Area:

* Building Type: Solid
* Parking: 43 car parks in total
* Titles: Two titles, selling as one
* Tenancies: 6 tenancies all leased with long-term tenants.

Development Opportunities:
* Potential to build over the carpark area (subject to council approval)
* Opportunity to extend the existing building (subject to council approval)

Wagga Wagga is an expanding and vibrant regional city with a strong community and a growing population. Wagga is a hub for industry, healthcare, education and recreation. Wagga’s community values quality and personal service, aligning perfectly with its business ethos.

This property is ideal for investors, astute purchasers, or developers looking to capitalise on a prime location with excellent returns and multiple development possibilities. Don't miss out on this rare opportunity to secure a high-performing asset in a thriving commercial hub.

Attractive reasons why commercial investors look at Wagga Wagga is because of its location to Sydney and Melbourne and Canberra, A busy Airport, railway service, it is the Hub of Australian Defence Services Kapooka Army Base and RAAF Wagga Wagga. Charles Sturt University is a first pick for some of the courses on offer in addition to the Bomen Industrial Park on the northeast side of the city.

Wagga Livestock Selling Centre is the largest in the southern hemisphere for the Australian Sheep Market along with US Owned Cargill Abattoir supporting the Cattle export market.

Riverina Oils also produces canola oil from the plant that was built in 2013 giving the Agriculture sector only needing to transport their product to a closer facility.

Wagga Wagga is a fantastic place to Live Work and Invest with everything from Highly Respected Schools, Colleges, Universities and Sporting Facilities,

The construction Industry is the largest Industry at 19.4%, Agriculture at 15.9%, Rental and Real Estate Services at 10.5%, Health Care at 9.1%, and Professional, Scientific and Technical Services at 6.5%, these figures are above average for NSW.
https://economy.id.com.au/wagga-wagga/number-of-businesses-by-industry

With a Medium House Price of $597,000 (2024), it's a highly attractive alternative to have a business of any size in Wagga Wagga.

Population: https://forecast.id.com.au/wagga-wagga

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.