179-181 Summer Street Orange NSW 2800
- Shop & Retail
- 472 m²
One Title, Two Premises, Multiple Options
With the pandemic and lockdowns hopefully behind us there has never been a better time to expand your investment portfolio by diversifying into commercial property. And with a diverse and growing economy, there has never been a better time to invest in thriving Orange.
Offering two separate retail/commercial premises on one title, this exciting real estate prospect gifts the savvy investor multiple options and offers a 5% - 7% return on investment.
Prominently situated in the flourishing Orange CBD with excellent exposure and surrounded by a range of commercial, retail, banking, and hospitality venues, the location could hardly get any better.
With two separate premises, you have the option to capitalise with two rental incomes, or move your business into one of the shopfronts, while collecting rent on the other.
179 Summer Street, Orange
Currently leased until 2026, with an option to renew for five years and a second option to renew for a period of 1 year.
Rental income available on application
Ground floor 236.4sqm
First floor 92.9sqm
181 Summer Street, Orange
Currently vacant, the building lends itself to a boutique retail or commercial business seeking a high-profile CBD location
Potential net rental income is approximately $35k per annum
Ground floor 77.6sqm
First floor 65.5sqm
Previously leased to APM Employment Agency, the two-storey building features a full glass frontage showroom area plus sizeable office with additional storage area at rear. Upstairs has an additional three large offices with toilet facilities and kitchenette.
Orange is located on the Mitchell Highway, just 3 ½ hours' drive west of Sydney and Canberra. It has one of the fastest growth rates in regional NSW, with tree-changers attracted by its busy economy, cosmopolitan retail and dining scene and proximity to vineyards.
The rapid growth that Orange continues to experience in mining, government departments, health services and associated businesses that support those industries, is the backbone to a strong and thriving local economy.
|Auction date and time||25/11/2021 11:00|
|Auction location||179-181 Summer Street, Orange NSW|