Specialist national brokerage firm HTL Property, acting as exclusive agency, is pleased to present Melview Greens Garden Apartments, Orange for sale by an Expression of Interest campaign.
HTL Property Directors James Carrick and Nic Simarro have been appointed to handle the sale.
Melview Greens Garden Apartments offers guests a convenient yet tranquil location approximately 2.9km from Orange CBD. The property boasts a diversified range of accommodation including 6x studio and 2x 2 bedroom apartments. In addition, the successful purchaser will enjoy a grand 4-bedroom homestead built in the late 1800’s; and surrounded by pristine landscapes for their personal occupation.
Melview Greens Garden Apartments is a boutique accommodation offering strategically placed to capitalise upon Orange’s booming, yet still growing tourism market. The property is established within Orange’s accommodation sector and attracts corporate travellers, families and large groups comfortably.
The Orange tourism market has been at the forefront of the domestic surge, and is showing no signs of slowing down. Enjoying ~90% occupancy levels and favourable average daily rates, Orange is considered a highly sought after accommodation investment location.
Accommodation demand for Orange is due to the region’s many amenities, which include multiple wineries, upmarket restaurants and bars; and a long list of events throughout the year. Furthermore, surrounding waterfalls and national parks appeal to the many travellers looking to relax and unwind.
Melview Greens Garden Apartments is ideally positioned on 3.8 acres of land; and accordingly, offers further opportunity to develop the land – with options including hotel style accommodation (STCA). In addition, the newly rebuilt $25m Wentworth Golf Course is within 5 minutes walking distance from the property.
“Accommodation in Orange is some of the most sought after in NSW; and this was evident during our recent campaign and successful sale of the city’s Mid City Motel earlier in the year” advised HTL Property Director, James Carrick.
“There is no doubt we will experience strong enquiry levels for Melview Greens; not only is there a healthy yield available to an incoming purchaser, but equally appealing is the range of value-add opportunities the property provides” concluded HTL’s Nic Simarro.
Melview Greens Garden Apartments is for sale via an Expression of Interest campaign closing Wednesday 12 July, 2023.
