241 Prince Street, Grafton NSW 2460

Located in Grafton's main street, this historic brick cottage offers a rare chance to secure a development opportunity in the centre of town.

The original cottage is essentially a shell—stripped back and ready for someone with vision to complete the transformation. The floor has been removed as part of an earlier renovation attempt, leaving you with the freedom to reimagine the space from the ground up. There is a toilet in place with a connection to mains sewer.

The level block behind the home is cleared and offers excellent scope for development. The current owner had plans to construct a new residence at the rear of the property, while converting the existing cottage into a shopfront for a home business or a self-contained granny flat to generate income either as a rental property or AirBnB (STCA of course). Obviously a new owner may prefer just to renovate the existing structure.

This is not a project for the faint-hearted—there's plenty of work ahead—but the potential rewards are just as significant. With a realistic and motivated vendor, this could be your chance to secure a central address and add genuine value with a smart, considered redevelopment.

Whether you're an experienced renovator, investor or someone looking to create a unique live/work setup, opportunities like this are few and far between. The owner has instructed us to get this one sold at or before Auction. Reach out and register your interest ASAP.