41 Skinner Street,
South Grafton, NSW 2460

Dougherty Property is proud to present another piece of South Grafton architectural history to the market for genuine sale. Constructed in 1909 and owned by prominent local businessman Ernest H. Hennings, this ornate cement rendered two storey brick building originally traded as a hairdresser, stationary and tobacco supplies plus a flourishing watchmaker and jewellery enterprise. Mr Hennings would later move his family and jewellery business to Cessnock in 1914 however the doors to the commercial premise remain open to this very day. Notably at one time trading as Central Hardware for many years to most recently under the lease and banner of Riverside Bargains.

Riverside Bargains is a very popular church operated opportunity and second hand furniture store, leasing the bottom section of the building. With open shop floor space plus office rooms and basic kitchen/bathroom facilities for staff, there are also endless options for storage at the rear of the building plus high roller door access. Lease expires January 2021 with an additional one year option, with an annual base rent of $30,000 per annum.

Commercial interests aside, there is also an attractive opportunity to improve a residence above the shop. There is no escaping the fact that work is required throughout however renovation potential is tremendous. High ceilings, oversize rooms and a closed in front veranda that could be restored back to its original glory to look over the bustling main street of South Grafton. Space throughout is expansive and would make a sensational restoration project. With a tidy up, you could use this unit as another source of income with residential tenants in place or you could move in upstairs and collect rent each month from the business underneath your feet.

Contact Tyler Marsh on 0487 422 2... for further details or to arrange your inspection.

COUNCIL RATES - $3060 pa
INSURANCE - $3600 pa

Disclaimer: All information provided has been gathered from reliable sources however we cannot guarantee its accuracy. It is recommended that interested parties carry out their own investigations.