A sensational Investment Opportunity
2 Kent Street is no doubt one of the more intriguing properties to hit the market in recent times. A character rich period home on a massive 1600m2 allotment with views of the Clarence River, situated within walking distance to Grafton's CBD and amenities.
Investors take note, with two residential income streams available out of the one home, with a fully self contained granny flat with long term tenant returning $200 per week, plus the huge main residence (expected to return approximately $350 per week), your rental yield annually here could be extremely attractive.
The possibilities for a property like this one are many and varied. A riverside allotment of this size, in this central and convenient location, could be well suited to development or subdivision opportunities. And with large swathes of the property enjoying a flood-free land height ranging from 7.9 to 8m(approx) according to the Australian Height Datum, there is certainly ripe development potential.
Alternatively, for character home enthusiasts, renovators and those looking for an affordable entry into the river front property market, the home itself should hold much appeal. Circa early 20th century, the stately, historic home was once used to house the chief engineer in the construction of the original Grafton bridge. Many of its original features are still intact, with massive hallways and bedrooms, high ceilings and decorative ceiling roses being present hallmarks of the era. The home enjoys river views from its southern aspects.
This deceased estate, now presented to market for the first time in half a century, is a genuine gem of a property. History, intrigue and potential accompany a river front setting with a location that's both central and private.
For further details or to arrange your inspection, contact Tyler Marsh on 0487 422 229.
- By appointment
Floor Plan #1
2 Kent Street, GRAFTON