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A fantastic commercial opportunity right in the heart of the Grafton CBD awaits. Surrounded by retail shops and cafs, this property captures a high amount of foot traffic in a prime, Prince Street position. Currently returning a strong income from the shop, which is being used as a caf and the separate flat upstairs.
The shop is currently being rented at $810 per week including GST. The tenants also pay their own water, power and bin services on top of this amount. The shop also has a storage room, toilet facilities and a lock-up garage at the back, which is accessible from the rear lane. The shop is currently in a 5-year lease which it to be renewed in December 2019.
The unit upstairs currently rents for $240.00 per week which is accessed from the rear of the building and is fitted with a small kitchenette, bathroom, laundry and multiple living spaces. This rent amount is inclusive of the tenant's power and water.
As the caf tenants sign a new lease in December, they are set to take over the lease of the unit at the rear as well where they will then be paying $960.00 per week rent for the whole building.
There is also an opportunity to SAVE money by purchasing the company who currently owns the building.
Vendor finance options available.
For more information, please contact Ben Hottes on 0458 423... .
AUCTION ON 4TH DECEMBER 2019, 6:00PM AT HEADSPACE (GRAFTON COMMUNITY CENTRE), 59 DUKE STREET, GRAFTON