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42-44 Prince Street
Grafton NSW 2460
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Sold on 29 Jul 2024

42-44 Prince Street Grafton NSW 2460

  • Shop & Retail
  • 350 m²
  • Sold, $620,000

TWO GROUND FLOOR RETAIL SPACES

    Tenanted by well-known local business Grafton Bakery Cafe and Paper Daisy Florist this ground floor holding in the centre of Grafton's main street offers two rental incomes, two street frontages (Prince & Imeson) and a whole heap of potential!

    Existing leases are at or near expiry and show a return of approx $37,000 pa from the bakery and $25,000 pa from the florist (plus GST). Tenants contribute to water usage charges but the Council rates ($5182 for 2024 FY) and building insurance ($4500) are covered by the owners. This is a net return of around $52,000 for FY 2024.

    The large retail spaces offer tenants ample showroom/reception and back area and the rear lane frontage allows for supplier drop off and staff access.

    Long term owners now keen to sell to facilitate their retirement. The florist tenancy ends soon and they will be vacating, the bakery tenant has indicated they may be willing to negotiate a new lease.

    McKimm Real Estate Pty Ltd
    McKimm Real Estate Pty Ltd
    98 Fitzroy Street
    Grafton, NSW 2460

    Property Highlights

    Date Sold29 Jul 2024
    Sold Price$620,000
    Floor Area350 m²
    Land Area360 m²
    ParkingAsk Agent
    Building TypeWhole building
    Property ID2019305179
    Category
    Last updated  29 Jul 2024
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    McKimm Real Estate Pty Ltd
    McKimm Real Estate Pty Ltd
    98 Fitzroy Street
    Grafton, NSW 2460

    Property Highlights

    Date Sold29 Jul 2024
    Sold Price$620,000
    Floor Area350 m²
    Land Area360 m²
    ParkingAsk Agent
    Building TypeWhole building
    Property ID2019305179
    Category
    Last updated  29 Jul 2024

    Listed by

    Angus McKimm
    McKimm Real Estate Pty Ltd
    Call
    0438425176

    More about 42-44 Prince Street Grafton NSW 2460

    42-44 Prince Street Grafton NSW 2460 is categorized as Shop & Retail Property. It has a floor area of 350 m² and a land area of 360 m². The listing ID for this property is 2019305179.

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