105-109 Prince Street, Grafton, NSW 2460

Retail

For Sale $1,100,000 Negotiable

  • Property ID: 265469
  • Floor Area: 1000m²
  • Occupancy: Vacant
  • NBN Availability: Build Commenced
  • Cafes: 7 nearby
2 COMMERCIAL PROPERTIES WITH TENANTS plus HUGE DEVELOPMENT POTENTIAL

Phone enquiries - please quote property ID 18503

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!

Grafton Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $1550 $211 13.63%
Retail $1325 $175 13.19%
Industrial --- $100 ---
This is the average advertised price, rent and yield for Grafton, NSW 2460*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Agency Details

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Suite 1a, 608 Hawthorn Rd, Brighton East, VIC 3187

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 105-109 Prince Street, Grafton, NSW 2460. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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