30 - 34 Skinner Street, South Grafton NSW 2460

Already an established hive of activity and return clientele this commercial building offers two shop fronts (leased as a restaurant & clothes shop) plus two units. Rental returns are clearly on the rise there is not only potential for capital growth but also strong ROI. Credit is due to the sellers who have ensured business owners in this part of town are rewarded with consistency. Let’s talk numbers – Below find the expected rental income: -Shop 1, The Naked Bean Restaurant – Prime street frontage, with double door access. Internally it features a large commercial kitchen, three split level dining areas and toilet amenities. Expected rent $450.00 per week. - Shop 2, The Nice Rack – Prime street frontage, original pressed tin walls. Current rent $180.00 per week. -Unit 1, Two bedroom unit with one bathroom, large veranda, period style features and some renovations. Current rent $180.00 per week. - Unit 2, Three bedroom unit with one bathroom, large veranda, period style features and some renovations. Current rent $180.00 per week. Providing an estimated gross weekly income of $990.00 per week or an annual gross income of around $51k. At current the water rates are paid by the owner however electricity is metered separately and each individual tenant is responsible for their own. Council rates are approximately $2800.00 per annum. With improvements and movement in the market this income opportunity has no limitation. Contact Elders Real Estate or Dave Dart on 0427 440 808 for scheduled viewing times for this property due to the number of tenants.