HTL Property is delighted to have sold the Mid City Motor Lodge, located heart of Orange CBD.
Key investment considerations include:
Passive Leased Investment
- Freehold hotel investment in the heart of Orange CBD
- Secure lease until 31 December 2023 with 4 x 5 year options
- $317,441 pa in passive rental income with imminent CPI rent review
- Potential, additional $25k pa income via vacant retail shop
Substantial Freehold Site with Development Potential
- Prominent CBD landholding of 4,147 sqm in a prime location
- DA approved for a 4 story, 105 room hotel with associated facilities
- Superbly located in the commercial and retail heart of Orange
- Passive investment underpinned by great long-term value-add
Regional Hub & Top Tourist Destination
- Orange is a vibrant regional city, capital of the Central West Region
- 255 kms from Sydney, within a convenient 3.5 hr drive time
- Consistently a top five destination for regional NSW tourists
- 4.4 million visitors to the region annually, along with strong population growth
- Walking distance to the retail, dining and entertainment precinct
Established & Popular Hotel – Successful Tenant
- One of the leading accommodation offerings in Orange
- Comprising 45 well-appointed rooms plus restaurant and retail
- Experienced tenant, successful business operation
