157 Lysterfield Road, Orange

Lysterfield ORANGE NSW

F O R SA L E V I A T E N D E R C LOSI N G T H U R S D AY 6 D E C E M B E R 2 0 1 8 A T 4 P M

Lysterfield forms part of Orange’s newest suburb – Shiralee. With an award winning Development Control Plan, Shiralee has been designed to guide the urban expansion south of the existing Orange urban area.

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Contents Introduction

02

About Lysterfield

03

Executive Summary

04

Shiralee

05

Site Location

06

Detailed Plan

07

Orange Fast Facts

09

Orange Major Projects

10

Sales Process

11

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Introduction Lysterfield forms part of Orange’s newest suburb - Shiralee. With an award winning Development Control Plan, Shiralee has been designed to guide the urban expansion south of the existing Orange urban area.

The vision of Shiralee is to promote a high quality urban environment with a diversity of housing and recreation opportunities, to encourage alternative modes of transport and healthy lifestyles and to reduce traffic congestion by providing for the day to day needs of residents within the precinct.

Shiralee will have a distinct, separate identity to Orange whilst maintaining the best themes of Orange. It will be anchored by a hill-top mixed use village and provide housing choice that promotes a diverse community.

Its creation is a first for Orange. Never before has an entire suburb been holistically planned with such detailed consideration to best practice around the day to day needs of residents in relation to housing typography, housing aspects, streetscapes, parklands, roads, footpaths, vegetation, lighting and community village.

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About Lysterfield Lysterfield is a 14.57ha (36 acre) parcel of land only minutes from the southern edge of Orange.

Offering one of the largest allotments for potential subdivision in the Shiralee precinct, it is rare to see an opportunity for a development of this size.

While multiple other residential estates have started on neighbouring land, Lysterfield is a one of a kind.

The Shiralee Development Control Plan allows for up to 145 block subdivision, while also retaining the existing residence as well as allowing for approximately 16,000 square meters of parklands.

Lysterfield‘s natural amenity is one of a kind as it overlooking large dams and farmland. Developers can feel assured that the Lysterfield Estate will be keenly taken up, with varied lot sizes ranging from compact lots all the way up to 6,000 square meters.

The value of the opportunity is enhanced significantly with the existing homestead being able to be sold off individually where the estate is formally approved. The parkland area also ads value, with Orange City Council currently offering $30 per square metre towards Council contribution when land is donated unencumbered.

While multiple other residential estates have started on neighbouring land, with its size, aspect and amenity Lysterfield is an extraordinary opportunity.

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Executive Summary Lysterfield, Orange, New South Wales PROPERTY ADDRESS

157 Lysterfield Road, Orange

THE OPPORTUNITY

To purchase one of the largest subdividable allotments in Shiralee, Orange’s newest suburb. This opportunity to develop this premium residential estate may coincide with Orange’s current high demands for residential building blocks.

LO CAT I O N

Located only minutes’ drive to the edge of town, the site is ideally positioned in close proximity to Orange’s medical precinct and conveniently located to Newcrest Gold Mine and Orange Airport.

APPROVAL PROCESS

Shiralee Development Control Plan gives prospective purchasers a straightforward pathway for submitting a Development Application. Development applications must include contour surveys, boundary surveys, soil testing reports and other documents as per Orange City Council’s requirements.

SALES PROCESS

157 Lysterfield Road is being offered for sale by Tender closing Thursday 6th December 2018 at 4pm.

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Shiralee One of the key components of the Shiralee precinct is its proximity to Newcrest Gold Mine, Orange Hospital and Orange Private Hospital (under construction – expected completed date Oct 2019).

There are three major components to the value of Lysterfield: •

145 lot subdivision

•

Approximately 16,000 square meters of potential parkland

•

An expansive 4 bedroom homestead, studio and car accommodation

Lysterfield offers the astute developer an opportunity to quickly reduce their acquisition costs by separating the homestead and parkland areas and recouping over $1,000,000 in the early stages of the development.

A prime opportunity to invest in a premium residential development in the heart of Orange’s newest suburb.

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CLERGATE

SUMMER HILL CREEK

Site Location

MARCH

CHARLES STUART UNIVERSITY

MITCHELL HWY ORANGE RAIL LINE THE ESCORT WAY

NEW DEPARTMENT OF INDUSTRY BUILDING

O R A N G E NASHDALE

Lysterfield

AU ST R A LIA ORANGE PRIVATE HOSPITAL

ORANGE

ORANGE PUBLIC HOSPITAL

NEWCREST GOLD MINE

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CLIFTON GROVE

Detailed Plan

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Orange Fast Facts Orange is a 3.5 hour drive from Sydney or Canberra and has a population of over 40,000.

Orange’s key attractors include: •

Most liveable Australian regional city – Property Observer.

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High amenity – theatre, gallery, museum, parks, cycling, waterways.

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Young median age – 37 years.

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Above average population growth.

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Low unemployment – 3.9% (12th best youth unemployment rate).

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Largest regional hospital and extensive primary health care.

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Excellent early childhood and schools – numerous child care and primary school facilities, four private and two public high schools.

A thriving regional city with a unique balance of natural beauty and urban convenience.

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Orange Major Projects

NEWCREST GOLD MINE E X PA N S I O N

D E PA R T M E N T O F P R I M A R Y INDUSTRY BUILDING

CHARLES STURT UNIVERSITY MEDICAL SCHOOL

$598 MILLION

$55 MILLION

STA RT I N G 2019/20

ORANGE CBD UPGRADE

O R A N G E P R I VAT E H OSP I TA L

$30 MILLION

$150 MILLION

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Sales Process Tender Process

Selection Criteria

•

Release of information.

Vendor assessment of potential purchasers tender submissions.

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Purchasers submit interest and request contracts and tender documents.

Participants will be assessed on the following criteria:

•

Contracts are issued to potential purchasers.

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Tender documents completed by purchaser nominating price, deposit, conditions and settlement period.

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Closing date for tender documents is Thursday 6th December 2018 at 4pm.

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Execution of contracts by the purchaser and vendor.

1. Offer The value of the proposed offer including conditions and terms.

2. Delivery Capability Purchasers track record and experience in delivery of similar development projects.

3. Financial Capacity Demonstrated financial credentials of the purchaser.

For further information, please contact the exclusive marketing agent:

Peter McCormack m. 0408 003 333 e. peter@mccormackbarber.com.au

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EXCLUSIVE MARKETING AGENT

Peter McCormack m. 0408 003 333 e. peter@mccormackbarber.com.au