296-298 Summer Street,
Orange, NSW 2800

McGrath Estate Agents is pleased to present this amazing commercial opportunity, four (4) strata lots within 296-298 Summer Street Orange via Private Treaty, to owner-occupiers and investors alike representing a potential comparable market yield of 7% in the heart of Orange's commercial district.

Orange is located in the Central Tablelands region of NSW approximately 255km west of Sydney CBD. Orange LGA has a population of 44,610 people and a city population of 43,512 people (2024). The ABS has identified that the population of Orange will increase to over 60,000 over the next decade)

Orange has a strong reputation as holiday destination and is renowned for it's quality wine industry, furthermore, Orange is a regional hub for shopping, government, education, medical, business and food & wine, servicing well in excess of 150,000 people.

Summer Street is Orange's main commercial thoroughfare comprising of retail shopping strip, three major shopping centres Orange City Centre, and commercial / entertainment precinct. The area is easily accessible via vehicle with ample on street and public car parks. Furthermore, by public bus services. 296-298 Summer Street is located between Peisley Street and McNamara Street, with a public car parking station at the rear accessible via Peisley Street.

The building comprises of four (4) levels, including the ground level serviced by lift access to all levels, including fire stairs front and back to all floors. Ducted air conditioning throughout the building and carpeted office areas. With undercover allocated car parking.

The E2 Commercial Centre zoning boasts a range of commercial usages including office, entertainment, and retail operations. N.B. Under the zoning, allows residential use for Levels 1, 2 and 3, subject to Council approval.

Ground Level (Lot 1)
• Total Strata Area - 349sqm
• 1x car spaces on title
• Current Annual Gross Income - $28,600 + GST
• Potential Annual Gross Income - $132,250 + GST

First Level (Lot 2)
• Total Strata Area - 483sqm
• 2x car spaces on title
• Current Annual Gross Income - $189,144 + GST
• Potential Annual Gross Income - $189,144 + GST

Second Level (Lot 3)
• Total Strata Area - 500sqm
• 2x car spaces on title
• Current Annual Gross Income - $149,780 + GST
• Potential Annual Gross Income - $176,800 + GST

Third Level (Lot 4)
• Total Strata Area - 413sqm
• 2x car spaces on title
• Current Annual Gross Income - Currently Vacant
• Potential Annual Gross Income - $134,000 + GST

For Sale - Individually or In One Line via Private Treaty.

For further information and to arrange a private inspection please reach out to Gary Norton on 0418 277 6... or one of the co-junction agents below.

McGrath Orange - Josh Fitzgerald - (02) 7903 0753
Blowes Real Estate - Chris Tyack - 0438 258 590