Negotiations underway as Centrepoint Arcade passed in at $7.2 million

August 30, 2022

Supplied.

By Peter Holmes

Real estate agent Ryan Park described the highest bid on Centrepoint Arcade at auction on Tuesday morning as "close, but not close enough".

The top bid for the CBD property at 226-232 Summer Street was $7.2 million.

As Park spoke to The Orange News Examiner negotiations were underway between the highest bidder and the seller.

Set on 1,000 square metres, it has a floor area of 2,050 square metres.

Centrepoint Arcade is being offered for sale for the first time in 21 years.

The auction was held in the Sydney CBD.

MORE REAL ESTATE NEWS

Orange heritage home on four acres listed for the first time in 28 years. But wait, there's more...

The Village on Summer Street is up for sale; 75 percent of rent from IGA and Dan Murphy's

Maria lived on Gardiner Road for 69 years. Today her home went to auction

Three-bedroom townhouses in new Orange development start at $1.85 million

Orange pub withdrawn from market just months after owners put it up for sale

First impressions deceptive as Orange 'lifestyle' house sells for $1.85 million