FOR SALE
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296 - 298 Summer Street
Orange NSW 2800

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1900m2
Land area: 553m2
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Secure Investment: Multi-Tenanted Office Building w/ Rental Upside

Ray White Commercial (SC), in conjunction with Ray White Townsend Real Estate, is pleased to present to market 296-298 Summer Street, Orange. This prime commercial freehold in the heart of Orange CBD will be offered for sale via Auction on Tuesday, 26th November 2024.
This substantial four-level property spans approximately 1,900 sqm* of building area, featuring two balconies and a carport, with 1,755 sqm* of net lettable space. Boasting lift access to all levels, ducted air conditioning, open plan modern office spaces and a rooftop solar system.
With E2 Commercial Centre zoning, the property is suitable for various uses including office, entertainment, and retail.
Orange is a vibrant regional city located 254 km* west of Sydney, known for its perfect mix of country charm and modern amenities. A regional hub for shopping, business, education, and healthcare, Orange is also famous for its thriving food and wine scene. Serving over 150,000 people, the city is a popular holiday destination and a key centre for commerce in the region.
Additional highlights of the asset include:
• Current Annual Gross Income: $375,000 + GST* (12 month rental guarantee offered)
• Potential Fully Leased Annual Gross Income: $526,931.69 +GST*
• Site area: 553 sqm*
• Building area: 1,900 sqm*
• Net Lettable Area: 1,755 sqm*
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Property Details for 296 - 298 Summer St, Orange

Building Type
Commercial
Floor Size
1900m2
Land Size
553m2

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About Orange 2800

The size of Orange is approximately 150.6 square kilometres. It has 98 parks covering nearly 4% of total area. The population of Orange in 2011 was 35,990 people. By 2016 the population was 38,093 showing a population growth of 5.8% in the area during that time. The predominant age group in Orange is 0-9 years. Households in Orange are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Orange work in a professional occupation. In 2011, 62.9% of the homes in Orange were owner-occupied compared with 61.8% in 2016.

Orange has 22,116 properties. Over the last 5 years, Houses in Orange have seen a 67.95% increase in median value, while Units have seen a 60.62% increase. As at 31 October 2024:

  • The median value for Houses in Orange is $649,979 while the median value for Units is $405,317.
  • Houses have a median rent of $550 while Units have a median rent of $440.
There are currently 225 properties listed for sale, and 96 properties listed for rent in Orange on OnTheHouse. According to CoreLogic's data, 883 properties were sold in the past 12 months in Orange.

Suburb Insights for Orange 2800

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Contact agent
Stephen Townsend
Ray White Rural Orange
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.