McGrath Estate Agents Surry Hills is pleased to offer to the market 296-298 Summer Street, Orange for sale via Auction.
Orange is located in the Central Tablelands region of NSW approximately 255km west of Sydney CBD. Orange LGA has a population of 43,906 people and a city population of 42,351 people (2023). The ABS has identified that the population of Orange will increase to over 60,000 over the next decade)
Summer Street is Orange's main commercial thoroughfare comprising of retail shopping strip, three major shopping centres Orange City Centre, and commercial / entertainment precinct. The area is easily accessible via vehicle with ample on street and public car parks. Furthermore, by public bus services.
296-298 Summer Street is located between Peisley Street and McNamara Street. with a public car parking station at the rear accessible via Peisley Street., Orange is a regional hub for shopping, government, education, medical, business and food & wine, servicing well in excess of 150,000 people. The city has a strong reputation as holiday destination and is renowned for it's quality wine industry.
This commercial property comprises of a building area of 1,928sqm* plus two balcony area of 107.58sqm* and a carport 109sqm*
In the buildings current configuration it has a net lettable area of 1,755sqm* over four (4) levels including over the ground level with lift access to all levels, ducted air conditioning throughout the building and carpeted office areas.
The building is currently 75%* leased to multiple tenancies from semi-government to superannuation organisations and private professional businesses from around NSW.
The E2 Commercial Centre zoning boasts a range of commercial usages including office, entertainment, and retail operations.
Current Annual Gross Income is $432,864* +GST
Potential Annual Gross Income if fully leased $579,000* +GST
Current Statutory Charges is $7,421.76*
* Approx.
To be sold by public auction 10:30am Tuesday 28th May 2024 at AuctionWorks Mezzanine Level, 50 Margaret Street, Sydney CBD
