Untapped Central Potential
You will be hard pressed to find a home closer to the central business district of Grafton than this property in Queen Street. In a prominent corner position that boasts B3 Commercial Core zoning, this could be the blue chip investment to have and hold for untapped future commercial gains.
With a land size of approximately 540m2 and the existing residence having minimal setback, there is a beautiful blank canvas at the rear of the property for further improvement.
The home is a comfortable Federation style residence that has stood the test of time and comprises three bedrooms, separate lounge area, sleep out, modern kitchen, enclosed verandah and bathroom. An easterly facing front verandah provides a great space to watch the world go by as well as offering a very attractive entrance.
Obviously any development will require council approval but the zoning certainly sets the imagination running from a commercial point of view. If it’s a home you’re after, they definitely don’t come much more central than this.
Currently tenanted and returning $310 per week, you could easily continue the usage as a residential portfolio interest whilst having the opportunity at a later date to take full advantage of the commercial core zoning and take your investment to the next level.
For further information contact Tyler Marsh on 0487 422 229.