$227,000

4 Bed  •  1 Bath  •  0 Car  •  351m²

Main view of Homely house listing, 313 Fry Street, Grafton NSW 2460
Floorplan of Homely house listing, 313 Fry Street, Grafton NSW 2460
Second view of Homely house listing, 313 Fry Street, Grafton NSW 2460
+20

Sold

313 Fry Street, Grafton NSW 2460

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$227,000

  • 4
  • 1
  • 0
  • 351m²

House Sold on Tue 5 Apr, 2016

What's around Fry Street

House description

“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 shop and live in the flat;
- Convert the shop into a unit and enjoy the rewards of a duplex at a fraction of the usual cost;
- Convert the flat into commercial space and make it one big shop or offices (stca), or;
Call Terry to book your inspection today.

Property features

airConditioning

Air Conditioning

toilets

Toilets: 2

Other features

Close to Schools, Close to Shops, Close to Transport, Terrace/Balcony

Land details

Area: 351m²

Interactive media & resources

Third view of Homely house listing, 313 Fry Street, Grafton NSW 2460View more
Fourth view of Homely house listing, 313 Fry Street, Grafton NSW 2460View more

Contact the real estate agent

TERRY DEEFHOLTS

Lifestyle Group - Grafton

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313 Fry Street, Grafton NSW 2460
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