Located in the busy hub of central South Grafton you will find this large building, packed with charm and long term tenants! There is prime street frontage for the two businesses and tucked away upstairs and to the rear you will find two substantial units. The photos are self-explanatory so let’s explore the figures, this building is currently occupied by four separate tenants:
- Upstairs a two bedroom unit with sleep out, gorgeous period style features, self-contained with one bathroom and parking available at rear. Current rent $200.00 per week.
- Downstairs a three bedroom unit gorgeous period style features, self-contained with one bathroom and parking available at rear. Current rent $200.00 per week.
- Shop 1, Hairdresser – great main street frontage, kitchen and bathroom, staff parking available at rear. Current rent $150.00 per week.
- Shop 2, Music shop – great main street frontage, staff parking available at rear. Current rent $150.00 per week.
A combined rental income of $700.00 per week. Water rates are currently paid by the vendor however Electricity is all metered separate and each tenant is responsible for their own. Council rates are approximately $2900.00 per annum for the entire premises. This thriving property yeilds a gross income of approximately $36k per year. There is room for renovations and improvements therefore the possibilities are endless.
Contact Elders Real Estate or Dave Dart on 0427 440 808 for scheduled viewing times for this property due to the number of tenants.