Add to favorite

  • Vacant
  • Sale
  • Retail

$1,300,000 Negotiable

Tax: exempt

4

105-109 Prince Street Grafton New South Wales 2460

Last Update: 1 day ago

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 $600.00 per week- Tenants leave 30/09/2017
* Rear of Building $750.00 a month – on a monthly lease
* Two bedroom unit above shop $260.00 per week (currently vacant with new tenant expected)



107-109 Prince Street Grafton (575m2)

* RENTAL:
* 107 Prince Street $250.00 per week - Tenants leave 30/09/2017
* 109 Prince Street $250.00 per week - Tenants leave 31/08/2017
* 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 potential return of both properties is $1830.00 per Week ($95160.00 per Year). (approximately 7% return). Keep renting whilst waiting for your development plans are ready. MASSIVE FUTURE DEVELOPMENT POTENTIAL FOR A COMBINATION OF SHOPS AND APARTMENTS!

Phone enquiries - please quote property ID 18503

Property Specification

  • Property Extent: Whole

Property Location

Street

Contact Agent

required fields
Your Name
E-Mail
Phone
Message
Request

Property and Business Sales Australia

Moorabbin Victoria 3189

See list of other Commercial Building for Sale

Other Properties in Clarence Valley

Other Properties from this Agent

105-109_Prince_Street_Grafton_New_South_Wales_2460_1
105-109_Prince_Street_Grafton_New_South_Wales_2460_2
105-109_Prince_Street_Grafton_New_South_Wales_2460_3
105-109_Prince_Street_Grafton_New_South_Wales_2460_4
105-109_Prince_Street_Grafton_New_South_Wales_2460_5
105-109_Prince_Street_Grafton_New_South_Wales_2460_6
105-109_Prince_Street_Grafton_New_South_Wales_2460_7