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Sold on 18 Jan 2024 - Price Unavailable

68 Molong Road
Orange NSW 2800

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 1m2
Land area: 2076m2
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Property Details for 68 Molong Rd, Orange

Building Type
Commercial
Floor Size
1m2
Land Size
2076m2

Last Listing description (January 2024)

🌳Discover Orange
- Immerse yourself in the rich agricultural town of Orange, home to over 44,000 residents and growing!
- A sought-after destination for tourists, enhancing the appeal of your investment now and in future.

Seize this golden opportunity to be part of a flourishing venture with a world-renowned brand.
Contact us today to secure your stake in the future of convenience and guaranteed returns.

Explore the Future of Convenience with Our Exclusive Offer:

🌟 Booming Fuel & Convenience Trophy | Approx. 6% rental returns | 15 Year Lease with 3% Annual Rent Increases

🚀 Important Information:
- Prime location with a substantial approx. 2,076sqm* site and an impressive approx. 48m highway frontage
- State-Of-The-Art 7-Eleven, built new in 2020, Enjoy significant depreciation benefits
- Currently tenanted with 15-year lease, extending to 2035, with options available until 2055.
- Guaranteed rental growth with fixed 3% annual increases
- Net Rent: $360,162.82* per annum + GST (as at Apr-24) - Approx. 6% Rental Yield

Tenant Profile
7-Eleven is a prominent and trusted convenience store chain in Australia, boasting a widespread presence with over 750 locations across the country. As a global leader in fuel and convenience, 7-Eleven is recognised for its state-of-the-art facilities and commitment to providing customers with 24/7 access to a wide range of products and services.

The company operates on a solid foundation, offering investors the assurance of a blue-chip petrol station investment. With a modern approach and a focus on customer convenience, 7-Eleven has secured a strong position in the Australian market. The company's success is underscored by its strategic locations, substantial site areas, and impressive highway frontages.

DISCLAIMER: Thank You Real Estate, its directors, employees, and related entities believe that the information contained herein is gathered from sources we deem to be reliable. However, no representation or warranties of any nature whatsoever are given, intended, or implied. Any interested parties should rely on their own inquiries. Photos used for marketing purposes may have been digitally enhanced and virtually staged. Cancellation or change of open home inspections can occasionally occur due to unforeseen circumstances, so long as you are registered in our system, you will be notified via email/SMS. For auction sale properties, prior offers are welcomed, talk to the team for more details.

Property History for 68 Molong Rd, Orange, NSW 2800

A timeline of how this property has performed in the market
Last Sold
18 Jan 2024
  • 18 Jan 2024
    Sold for $5,250,000
  • 02 Nov 2023
    Listed for Sale Contact Agent
  • 03 Jun 2022
    Sold for $6,100,000
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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 22,126 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 228 properties listed for sale, and 97 properties listed for rent in Orange on OnTheHouse. According to CoreLogic's data, 904 properties were sold in the past 12 months in Orange.

Suburb Insights for Orange 2800

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Amyn Zariwala
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Tanisha Lirani
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Thank You Real Estate
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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.