296-298 Summer Street, Orange, NSW, 2800

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*

• 2 x balconies (107.58 sqm*) and a carport (109 sqm*)

• Lift access to all levels, ducted air conditioning, open plan modern office spaces and a rooftop solar system

• New solar panels installed

• Zoned E2 - Commercial Centre

• Diverse income streams across multiple different tenancies

• Dual street access with ample on street parking and public car park access at the rear

• Offered subject to existing tenancies

The property is offered for sale via Auction on Tuesday, 26th November 2024 at 10:30am (AEDT). The Auction will be held at AuctionWORKS, 50 Margaret Street, Sydney NSW 2000.

For further information, please contact the exclusive selling team below.

* Approximately

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