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172-174 Summer Street
Orange NSW 2800
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Sold on 28 Jun 2016

172-174 Summer Street Orange NSW 2800

  • Shop & Retail
  • Sold, $1,290,000

Affordable CBD Freehold Fast Food Retail Investment. Multinational Brand Tenant.

Secure long 7 year lease to 2022 + 7 year option to 2029.
Zambrero, the largest Mexican restaurant franchise in Australia, with over 110 restaurants across Australia, New Zealand, Thailand and Ireland.
Orange, key regional city with established and growing resident population.
Home to 41,809 people, boasting $2.64 billion Gross Regional Product.
High exposure busy main street location with front + rear access.
Adjacent to freestanding Woolworths & surrounded by many national brands and major banks.
Easily managed single tenant investment.
Strong lease security, 6 months bank guarantee.
Two levels with separate access providing future income/development upside potential (STCA).
Attractive 3.5% fixed annual rental increases.
Net Income: $73,860 pa + GST (from 1 July 2016). (approx.)

AUCTION

Auction date and time28/06/2016 11:00
Auction locationDoltone House Hyde Park

Property Highlights

Date Sold28 Jun 2016
Sold Price$1,290,000
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2012833339
Category
Last updated  29 Jun 2016
Map for 172-174 Summer Street Orange NSW 2800

Nearest transport* to 172-174 Summer Street Orange NSW 2800

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Property Highlights

Date Sold28 Jun 2016
Sold Price$1,290,000
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2012833339
Category
Last updated  29 Jun 2016

Listed by

Rhys Parker
Rhys Parker
Burgess Rawson Sydney
Call
0451 101 042

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