Three Income Sources Plus Further Development Opportunity
Presented for sale is this prominent piece of Prince Street Commercial and Residential real estate.
The property is comprised of two retail shopfronts, with generous exposure to Prince Street, Grafton's main street. Currently, both of the shops are occupied:
107 Prince Street - Rented for $250 per week
109 Prince Street - Rented for $200 per week
Located upstairs is a residential flat currently rented for $350 per week. The tenants enjoy the convenience of easy access to the Grafton CBD with the amenity of three bedrooms, full bathroom and detached kitchen and living area. There is also garage car accommodation for one vehicle, covered carport and additional off-street parking available behind locked gates.
Approximately 250sqm of vacant land is available at the rear of the property. Access is available via Pound Street providing the opportunity to develop or expand the property and maximise the earning potential of this investment.
107-109 Prince Street is located in the heart of the Grafton CBD and conveniently nestled between the town's main shopping precinct and the more eclectic, Jacaranda lined end of Prince Street. The property boasts quality neighbours including the State Heritage listed Saraton Theatre, thriving cafes, salons and boutiques as well as Harvey Norman, the Clocktower Hotel and Market Square.
This property presents a fabulous entry-level commercial investment opportunity, with an immediate income stream available. Investors looking to add value to a property will enjoy the potential this property has to offer and prominent City-Centre location. To arrange inspection and discuss this investment opportunity, phone Dougherty Property on 66422 722.
- By appointment
- Fully Fenced
- In-ground Pool
- Pay TV
- Reverse Cycle Air-conditioning
- Secure Parking
107-109 Prince Street, GRAFTON