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142-154 Summer Street, ORANGE NSW, 2800

For Sale
https://dduaaywsz-res-3.cloudinary.com/image/upload/v1622166394/wnqgpl5jxkn0ywjthtgb.jpg

Property for Sale in 142-154 Summer Street, ORANGE NSW, 2800

Benchmark Commercial

29 Sale Street, Orange, NSW 2800

Listing ID:
11411635
Status:
Active
For:
Sale
Last Updated:
09/06/2021
Price:
EOI - Closing 24/06/2021

Property Type

Retail

Land Area

N/A

Floor Area

5516 SQM

Parking

N/A

“Value-Add" Harris Farm Anchored Shopping Centre - Prominent CBD Position

The Orange Arcade is an ultra convenient neighborhood center strategically located in the heart of the Orange CBD, linking the main retail strip (Summer Street / Mitchell Highway) with the busiest CBD public car park.

The Orange Arcade is anchored by a full line Harris Farm, supported by Rivers and 22 specialties. The Centre has a secure income profile with 83% of income provided by Harris Farm, Food & Beverage and service retailers, and a WALE of 2.9 years by area and 3.7 years by income.

Fully leased Net Operating Income of $1.06 million

Harris Farm on a 10 year lease to 2028

Significant value-add potential exists as a result of conservative specialty rents coming up to Market Rent Reviews, remixing the tenancy profile and leasing-up as well as both internal and external refurbishments.

Information Memorandum and further information available on request from Benchmark Commercial.

For more details, please email agent

Benchmark Commercial

29 Sale Street, Orange, NSW 2800


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