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.
