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Sold on 20 Sep 2024 - Price Unavailable

196 Lords Place
Orange NSW 2800

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 598m2
Land area: 1110m2
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Property Details for 196 Lords Pl, Orange

Building Type
Commercial
Floor Size
598m2
Land Size
1110m2

Last Listing description (September 2024)

Ray White Commercial (SC) in conjunction with Ray White Townsend Real Estate is pleased to present to market 196 Lords Place, Orange. This substantial commercial freehold, currently returning a strong stable income, will be offered for sale via Auction on Friday, 20th September 2024.

This asset features front and rear access, dual level and accommodates 3 substantial tenancies. Two incumbent tenants provide a generous, stable income while a vacant suite of approximately 150sqm provides an opportunity for a new owner to occupy or release for an additional return.

The asset is located in the heart 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 - 598 sqm*
• Building area estimate - 1,110 sqm*
• Estimated fully leased net income of $251,479.20 per annum* (passing net income of $218,079.20 per annum^)
• Zoned E2 - Commercial Core
• Height Limit -16m
• FSR - 2:1
• Positioned in the heart of the Orange CBD

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 the lease information for further details.

Property History for 196 Lords Pl, Orange, NSW 2800

A timeline of how this property has performed in the market
Last Sold
20 Sep 2024
Listed for Rent
$1.31k/w
06 Nov 2024
  • 20 Sep 2024
    Sold for $3,210,000
  • 14 Aug 2024
    Listed for Sale AUCTION
  • 20 Dec 2019
    Listed for Rent - Price not available
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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 22,417 properties. Over the last 5 years, Houses in Orange have seen a 64.53% increase in median value, while Units have seen a 53.67% increase. As at 30 November 2024:

  • The median value for Houses in Orange is $645,195 while the median value for Units is $395,451.
  • Houses have a median rent of $550 while Units have a median rent of $440.
There are currently 215 properties listed for sale, and 103 properties listed for rent in Orange on OnTheHouse. According to CoreLogic's data, 934 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.