26 Skinner Street South Grafton NSW 2460

This multi tenant commercial complex offers diversified rental returns from three different tenancies with secure leases. The location is right in the heart of Skinner Street, South Grafton the historical main street of the south side and offers 3,176sqms of land which allows a new owner to expand the building should they wish to.

If there is an anchor tenant it is probably the BP Service Station providing a constant stream of customers looking for petrol, oil, fishing supplies or the like. Their lease has just clicked into a new option period that will expire on 30 September 2021 there is two additional 5 year options after that. Rent is set at $61,800 plus GST per annum. (rent rises are factored into the lease)

The busy takeaway chicken store Early Birds Chickens has a booming trade serving take away food to tradies, locals and famillies from 5 am each morning. The business was sold recently to established operators expaning their north side Grafton business with a new south-side location. Their new 5 year lease expires 31 July 2021 with two additional 5 year options. Rent is set at $25,461 + GST per annum. (rent rises are factored into the lease)

The third tenancy is Marina Motors - a full service mechanic with a long-established clientele and excellent reputation. His lease runs to 31 July 2019 with two 3 year options. Rent is $15,170 + GST per annum. (rent rises are factored into the lease)

Add the figures up and you see the complex is generating $102,431 plus GST for its owners. Some outgoings are also recoverable as per the leases.

This could be an impressive addition to your portfolio and genuine enquiry is sought by agent Adam Crawley on 0407 007 309.

Contract:
https://www.dropbox.com/s/rmj8to5q88ro11b/Contract.pdf?dl=0

Environmental Report:
https://www.dropbox.com/s/axk2por50hzbkyk/Enviromental%20Site%20Assessment%20%282%29.pdf?dl=0
https://www.dropbox.com/s/w96ndhf64mkgsi1/Enviromental%20Site%20Assessment%20%283%29.pdf?dl=0