COMMERCIAL INVESTMENT PROPERTY

Auction

Highlights

• Busy neighbourhood shopping centre
• Mitchell Highway frontage
• Prominent corner location
• Well maintained & presented building
• Income / risk diversification
• 6 shops + storage unit
• Long term tenants

Description

The Greengate Shopping Centre is located on the corner of Prince Street and Woodward Street (Mitchell Highway) approximately 1.4 kilometers north west of the Orange CBD.

Prominent corner location.
Well maintained & presented building with significant upgrade works over the past six years, including façade rendering, common area improvements, and updates to select tenancies—such as new air-conditioning, lighting, paintwork, and tiling.
Income & risk diversification with six retail/commercial tenancies and one small storage unit.
History of low tenant turnover / long term tenants
Current WALE of 3.5 years
Net Rental Income circa $148,843 pa + GST
Opportunity for an astute investor to secure an outstanding multi-tenant commercial property investment in the thriving regional center of Orange.