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Commercial, For Sale, Property, Retail, Grafton, New South Wales

EMAIL TO A FRIEND
105-109 Prince Street Grafton NSW
$1,100,000 Negotiable

2 COMMERCIAL PROPERTIES WITH TENANTS plus HUGE DEVELOPMENT POTENTIAL

This is a rare opportunity to purchase two commercial properties side by side in a fantastic location offering main road exposure right near the local Theatre and Harvey Norman.   ABSOLUTELY HUGE POTENTIAL FOR DEVELOPMENT:-   Both buildings could be demolished and replaced with a single shop, 1000 square metres in size. Above the new shop 2 stories of units could be built.  Approximately  10  * 3 bedroom units (as an example).  Any building permits would need to be obtained by council, but it prime commercial land. Land Use 1: General Commercial Zoning: Business Total of 1049m2 of land.   Please note that there are some existing tenants. 105 Prince Street (474.2m2) * RENTAL :* Main Shop $500.00 per week- Rented 2yr lease* Rear of Building $750.00 a month – o

This is a rare opportunity to purchase two commercial properties side by side in a fantastic location offering main road exposure right near the local Theatre and Harvey Norman.

 

ABSOLUTELY HUGE POTENTIAL FOR DEVELOPMENT:-  

Both buildings could be demolished and replaced with a single shop, 1000 square metres in size.

Above the new shop 2 stories of units could be built.  Approximately  10  * 3 bedroom units (as an example).  Any building permits would need to be obtained by council, but it prime commercial land.

  • Land Use 1: General Commercial
  • Zoning: Business

Total of 1049m2 of land.

 

Please note that there are some existing tenants.

105 Prince Street (474.2m2)

* RENTAL :
* Main Shop $500.00 per week- Rented 2yr lease
* Rear of Building $750.00 a month – on a monthly lease
* Two bedroom unit above shop $260.00 per week Rented

 

107-109 Prince Street Grafton (575m2)

* RENTAL:
* 107 Prince Street  $220.00 per week - Rented
* 109 Prince Street   $200.00 per week  - Rented
* Unit rear of 109 Prince Street $300.00 per week - Currently leased

 

The front of the shops are in the Main Street of Grafton CBD. The rear of the shops has access through a large car park that also houses the library. On the railway side of 109 Prince Street is a 5 metre strip leased from State Rail.

The return of both properties is $1653.00 per Week ($85956.00 per Year).  (approximately 8.5% return).   Keep renting whilst waiting for your development plans are ready.  MASSIVE FUTURE DEVELOPMENT POTENTIAL FOR A COMBINATION OF SHOPS AND APARTMENTS!

Property Detail

Property ID:

18503

Type:

Commercial

240
Address:

105-109 Prince Street Grafton NSW

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