105-109 Prince Street, Grafton, NSW 2460
Last updated: 26th September 2020
Listing ID: 2360
- 3 Parking spaces
- 1100.0m2 Floor area
- 1100.0m2 Land area
1 COMMERCIAL PROPERTY WITH TENANTS plus DEVELOPMENT POTENTIAL
Phone enquiries - please quote property ID 18503
This is a rare opportunity to purchase one or two commercial properties in a fantastic location offering main road exposure right near the local Picture Theatre and Harvey Norman.
ABSOLUTELY HUGE POTENTIAL FOR DEVELOPMENT:-
The buildings could be demolished and replaced with a single shop, 11000 + square metres in size.
Above a new shop, 2 stories of units could be built. Approximately 10 * 3 bedroom units (as an example). Any building permits would need to be obtained by council, but it is prime commercial land.
Keeping the original buildings, there is room to built a 250 sq mtr building at the rear of 107-109 Prince Street building.
Land Use 1: General Commercial
Total of 1100m2 of land.
Please note that there are 3 existing tenants in each building.
* 105 Prince Street Front shop $500.00 per week - Rented
* 105 Prince Street Rear building $175.00 per week - Rented
* Above 105 Prince Street 2 bedroom unit $260.00 per week - Rented
* 107 Prince Street $250.00 per week - Rented
* 109 Prince Street $200.00 per week - Rented
* Unit rear of 109 Prince Street $320.00 per week - Rented
The front of the shops are in the Main Street of Grafton CBD. The rear of the shops has access through a large car park that also houses the library. On the railway side of 109 Prince Street is a 5 mtr strip leased from State Rail.
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