The property is situated on the eastern side of Anson Street, between its intersection with Byng and Summer Streets, at Orange. The property forms part of the Orange Town Centre and CBD. Surrounding occupants include a Coles supermarket and the Orange Ex Services Club. Orange is a popular regional city in the Central Tablelands of NSW with a population of some 42,000, and is situated approx 250 kilometres west of the Sydney CBD.
FOR AUCTION - STRATA LOT 15, BEING THE WHOLE FIRST FLOOR IN THE PLAZA ARCADE BUILDING. PRIME OPPORTUNITY HERE TO RE-POSITION AND CAPITALISE.
AUCTION DATE: THURSDAY 9 MAY 2024 AT 10.30 AM
IN-ROOMS AND ONLINE
The subject property comprises the whole of the first floor of the Plaza Arcade that provides 855 sqm* of Net Lettable Area (NLA) and is configured into twelve (12) office suites, of which five (5) suites are currently occupied.
The subject property/Strata Lot also includes the entry lobby, stairwell, all of the central hallway on the first floor, bathrooms and amenities. That is, areas that would normally be expected to be included as part of the common area, are in this case, included as part of the Strata Lot and offering. Estimated total Strata Gross Lettable Area (GLA) is 989 sqm*.
The property produces a current passing income of $41,672 per annum gross (+GST) with an estimated market rental on a fully leased basis of $92,840 per annum gross (+GST).
The property is zoned "Commercial Centre E2" and forms part of the Dalton Central Heritage Conservation Area, being of a local significance. We understand the current use is permitted.
A new Owner has the ability to re-configure, refurbish, Owner-Occupy part or most, and/or to seek approval to Strata subdivide and sell down individual Lots/Suites. The opportunities here are endless!
Current First Floor Suite sizes are configured as follows:
Suite 1 - 179 sqm*
Suite 2 - 41 sqm*
Suite 3 - 42 sqm*
Suite 4 - 62 sqm*
Suite 5 - 64 sqm*
Suite 6 - 137 sqm*
Store 1 - 11 sqm*
Suite 7 - 66 sqm*
Suite 8 - 53 sqm*
Suite 9 - 23 sqm*
Suite 10 - 52 sqm*
Suite 11 - 45 sqm*
Suite 12 - 80 sqm*
TOTAL - 855 sqm* NLA (Total Gross Floor Area: 989 sqm* including Entry lobby, Stairs, Hallway, Amenities, etc)
*All dimensions and figures quoted herein being approximate only.
AUCTION DETAILS: IN-ROOM AND ONLINE
Auctioneer: Cooley Auctions
Date: Thursday 9 May 2024 at 10.30 am
Venue: Level 5, 1 Margaret Street, Sydney NSW 2000
Online: Link
Contact the Joint Exclusive Agents for the Information Memorandum, Draft Contract and all inspection appointments:
Ben Lindsay 0421 248 587 PropertyFox (Parramatta Office)
Jayne Edwards 0435 008 268 - Jayne Edwards Realty (Bathurst Office)
