American pizza chain Little Caesars plans to open in Orange within the next few months, creating up to 15 jobs and providing a boost to the CBD commercial property market.
A development application [DA] to take over the former Liquorland store in Sale Street is currently before Orange City Council.
It would be the company’s first store in country NSW following the opening of six venues in Sydney in the past three years.
And in a further boost to the property market, employment and training service providers VERTO has announced it is selling its William Street complex but has renewed its lease to remain as the tenant.
The building is also tenanted to the federal government Department of Employment which has also renewed its lease.
Little Caesars Pizza Australia director Ernie Koury said it would take only 8-12 weeks to fit out the shop once the DA was approved.
“We plan to open up in Orange as soon as possible,” he said.
“It is a swift fit-out, we have all the equipment.”
Mr Koury said the shop would initially offer take away and delivery services.
“There would be about 10-15 employees, with some management,” he said.
Mr Koury said he had visited Orange and was impressed by its facilities and potential.
“Orange is a bustling community, there is great traffic and a family atmosphere,” he said.
“It ticks all the boxes for us.”
Mr Koury said Little Caesars, which is ranked the third largest pizza chain in the US behind Pizza Hut and Domino’s Pizza, was increasing its use of local produce.
“Our flour is Manildra flour,” he said.
“They especially make a blend to suit our products.”
He said he wanted to open in other country NSW areas but nothing was as advanced as its Orange plan.
The sale of the Williams Street VERTO building is being handled by Burgess Rawson Sydney.
Director Dean Venturato said it was expected to sell for about $3.8 million.
He said they had already received interest from Sydney, NSW and Orange buyers.
“Boasting renewed leases for both Commonwealth government Department of Employment and VERTO with options past 2023, the property has significant potential for long-term investment gain,” he said.
The two-storey building has 14 on-site car parks and a 4.5 star energy rating.
Mr Venturato said the commercial property market in Orange was “going from strength to strength.”
“Orange as an investment location is well regarded by investors in and out of Orange,” he said.