PRICE REDUCED BY $12,000 - TENANT PAYING $410 PER WEEK FOR 2 YEARS - DO THE MATHS!
Anyone with vision and a desire to get high yielding returns should inspect this property - TODAY.
In it's current form as a shop and flat combined, it is returning $410 per week on a two-year commercial lease.
Future developments could see the shop at the front converted to a top end single bedroom flat which may yield even higher rental returns (expected $490 per week in the current market).
A 3kw return to grid solar system sits atop the renovated shop.
Here is a fantastic opportunity to establish a business or invest in a thriving area of Grafton - across the road from the racecourse and greyhound track, around the corner from a primary school, just metres from a caravan park and in the middle of suburbia with no other shop in the near vicinity.
The current owner of this lovely little package has reassessed her situation and wants to put her focus elsewhere.
There are just too many other options to list, but here's a few for starters (in honour of the current lease of course):
- Invest in the the property and rent both parts out either combined (the status quo) or separately (a future option).
- Work the shop and rent the flat;
- Work the
Lot/Plan No: 51/DP1111470