129-131 Prince Street,
Grafton, NSW 2460

A renovated commercial complex in Grafton's main street. 129 - 131 Prince Street offers you a range of incomes from 3 quality businesses. The anchor tenant downstairs, Stihl Grafton, is currently on an expired lease, so a new lease could be re-negotiated by the purchaser OR vacant possession could be secured for your business to move in.

The building features rear lane access and the downstairs area enjoys a substantial workshop area to take advantage of this.

Current tenants are as follows:

Ground floor tenant: Stihl Dealership (expired lease)
First floor tenants: Kids Steps Therapy Centre (lease till April 2013 + 2 year option), Leaps & Bounds Occupational Therapy (lease till April 2013 + 2 year option).

Gross income will be $3839 per month (GST inc.) with yearly CPI increases on all tenants.

The land is well situated in Grafton's main street and offers attractive rear access via right of carriageway.

Must be sold by vendors that need to free up capital.

ASKING PRICE: $440 000 (GST DOES NOT APPLY)
INSPECT: By appointment, Angus McKimm 0438 425 1...

COUNCIL RATES: $4000 p.a.
ZONING: B3 - Commercial Core
LAND SIZE: 506 sqm
NET LETTABLE AREA: 558.6 sqm (approx.)
ANNUAL BUILDING INSURANCE: $2500 (approx.)