178 Summer StreetOrange NSW 2800
Property Details for 178 Summer St, Orange
Last Listing description (November 2024)
Ray White Commercial (SC) in conjunction with Ray White Townsend Real Estate is pleased to present to market 178 Summer Street, Orange. This versatile investment opportunity offering dual street access will be offered for sale via Auction on Friday, 20th September 2024.
This asset is tenanted by renowned telco-operator 'Optus' on the ground floor and features a significant upstairs level currently configured as a large apartment and storage space, providing the perfect opportunity for re-development (S.T.C.A).
The asset is located on the main high street of the Orange CBD. Orange is approximately 254km west of Sydney and is considered to be a thriving regional city that combines the charm of a country town with the amenities of a modern urban centre.
Additional highlights of the asset include:
Land area - 253 sqm*
Net passing rent of $100,080.09 per annum (excluding GST)^
Dual street access
Zoned E2 - Commercial Core
Offered subject to existing tenancy
The property is offered for sale via Auction on Friday, 20th September 2024 at 10am (AEST). The Auction will be held online and in rooms at Hotel ibis Styles Orange, 146 Bathurst Road, Orange.
For further information, please contact the exclusive selling agents below.
* Approximately
^This figure is the total net passing income (ex GST) effective 8 August 2024. Refer to individual lease information for further details
Property History for 178 Summer St, Orange, NSW 2800
- 13 Nov 2024Sold for $1,400,000
- 14 Aug 2024Listed for Sale AUCTION
- 10 Nov 2016Listed for Rent $97,000 / year
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0About 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 22,134 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.
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