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Sold on 25 Nov 2021

179-181 Summer Street Orange NSW 2800

  • Shop & Retail
  • 472 m²
  • Sold

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.

    Property

    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

    Auction date and time25/11/2021 11:00
    Auction location179-181 Summer Street, Orange NSW
    Pat Cutcliffe
    Professionals Orange
    Pat Cutcliffe
    Professionals Orange

    Property Highlights

    Property ID2016500790
    Date Sold25 Nov 2021
    Floor Area472 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Category
    Last updated  26 Oct 2021
    Map for 179-181 Summer Street Orange NSW 2800
    Pat Cutcliffe
    Professionals Orange
    Pat Cutcliffe
    Professionals Orange

    Property Highlights

    Property ID2016500790
    Date Sold25 Nov 2021
    Floor Area472 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Category
    Last updated  26 Oct 2021
    23 Sale Street Orange NSW 2800
    Pat Cutcliffe
    Pat Cutcliffe
    Professionals Orange

    Pat Cutcliffe

    Professionals Orange

    0417 *** ***
    0417 481 158

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