SOLD - Orange, Bathurst & Dubbo - Invest in the Central West - Re-Develop & Re-Position

Cushman & Wakefield is pleased to present to the market the Central West Portfolio - 'Invest in the Central West'.

All the properties within the portfolio are For Sale via Offers to Purchase.

• Unlock the opportunites driven by the regional transformation of Orange, Bathursut & Dubbo
• Strong population and economic growth driven by tourism, healthcare, education, mining & supported by specialist food & wine
• Suited to a mix of uses including hotel & tourism, convenience & boutique retail, childcare, fuel, fast food & self-storage
• Orange - Two CBD sites offered with vacant possession - Superb exposure
• Bathurst & Dubbo - Strategic highway sites
• Substantial holding income
  • Dubbo Net Income $617,000 pa + GST
  • Bathurst Net Income $528,564 pa + GST

The Portfolio consists of the below 4 properties:

344-348 Summer Street, Orange & 123 Endsleigh Avenue, Orange (1 property)

       Summer Street

• Comprises a purpose-built motor vehicle dealership incorporating showrooms, offices, display yard & large workshop
• Constructed in 2003 with regular upgrades & refurbishments         
• Land Area - 4,551 sqm
• Building area comprises of 800 sqm Showroom/Office, 902 sqm Workshop & Amenities, 95 sqm Mezzanine Storage, 88 sqm Carwash Bays & 380 sqm Awning
• Vacant possession

       Endsleigh Avenue

• Comprises a single level retail showroom & workshop estimated to have been built in the 1960's
• Land Area - 1,191 sqm
• Building area comprises of 235 sqm Showroom & 183 sqm Warehouse
• Vacant possession

2-6 Bathurst Road, Orange

• Comprises a purpose-built single level motor vehicle dealership incorporating a showroom offices & display yard
• Constructed in the 1990's & upgraded in 2007
• Land Area - 1,726 sqm
• Building Area - 320 sqm
• Vacant possession

98 Corporation Avenue, Robin Hill (Bathurst)

• 5 year lease to October 2021 (options will not be exercised by the tenant)
• Contemporary purpose-built motor vehicle dealership incorporating showrooms, offices & large workshop
• Land Area - 6,457 sqm
• Building area comprises of 590 sqm Showroom, 160 sqm Mezzanine Office & 1,410 sqm Workshop
• All outgoings payable by the tenant (including Land Tax)
• Net Holding Income $528,564 pa + GST as at October 2020

54-56 Bourke Street, Dubbo

• 10 year lease to December 2021 (options will not be exercised by the tenant)
• Purpose built motor vehicle dealership incorporating showrooms, offices, large display yard & large workshop
• Constructed circa 2000 with regular upgrades & refurbishments
• Land Area - 11,190 sqm
• Building area comprises of 1,649 sqm Showroom, 351 sqm Front Awning, 1,307 sqm Workshop, 128 sqm Rear Awning & 198 sqm Detail Bay
• Net Holding Income $617,000 pa + GST

For more information please contact the exclusive property professional at Cushman & Wakefield.