• Leased to Australia’s largest listed company with a market cap of approx. $120
Billion
• Major fit-out recently completed by Commonwealth Bank
• Ground Floor Retail Area of 631*sqm
• First Floor Offices and Amenities of 658* sqm
• Absolute prime CBD high exposure corner location
• Zoned B3 Commercial Core
• Site area 716.3 sqm
• Current Rental Income $243,723.90 plus GST
• Potential Income $300,000 plus
• Leased to Commonwealth Bank from 16 August 2016 on a 6 + 3 + 3 term
• Annual CPI Increases then to market
Long term capital growth is not in doubt for this iconic property occupying what most consider to be best CBD corner in the heart of the thriving central business district of Orange. The Commonwealth Bank which has occupied the building since 1929, recently completed a major fit-out and occupies the 630 sqm ground floor retail area. The first floor offices comprising some 540 sqm is currently available for an asking rent of $50,0000 + GST.
Orange is recognised as one of the strongest growth regions in rural NSW. The city supports a diverse range of industries including education, mining, manufacturing, horticulture, viticulture, retail and agribusiness. In addition, the city supports large public sector industry including the head office of NSW Primary Industry.
This property is offered for sale in conjunction with Gary Tomlins of United Realty, Bringelly.
