196 Lords PlaceOrange NSW 2800
Property Details for 196 Lords Pl, Orange
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
- 20 Sep 2024Sold for $3,210,000
- 14 Aug 2024Listed for Sale AUCTION
- 20 Dec 2019Listed for Rent - Price not available
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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 22,133 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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