For Sale
Orange City Centre
212-220 Summer Street & 190 Anson St, Orange NSW
Stonebridge Property Group and JLL are pleased to present for sale Orange City Centre, a dominant retail centre positioned at the heart of one of the strongest regional economies in NSW.
Key highlights of this opportunity include:
- Highly productive CBD retail centre anchored by Big W, supported by 2 mini majors & 52 specialties, plus 400*, excellent weather protected single level basement car parks.
- Big W is strong performing and is the largest discount department store within Orange and the broader Central West region
- Connected location and thriving economy, with an unemployment rate of only 1.2%* (3.7%* national average)
- Award-winning $24 million* repositioning in 2019, including the introduction of 19* new chain/national tenants. Non-major MAT increased by 88%* post development
- 99%* occupancy rate (by area) with 89%* of the centre (by area) leased to national and chain retailers
- Exceptional income growth profile, with a weighted average rent review of 3.4%* p.a.
- Vast reach, with a total trade area population of 148,497 (2022), forecast to grow by 1.0% p.a. (vs 0.6% Regional NSW average) to 2041^
- Prime 20,290 sqm* land holding with ‘B3 – Commercial Core’ land zoning with an FSR of 1.5:1, permitting potential additional GFA (STCA)
- Estimated Fully Leased Net Income of $7.99m p.a.* with significant income growth and depreciation potential
^ Source: Location IQ Trade Area Analysis
* Approximate
Orange City Centre is For Sale via Expressions of Interest.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.