Commercial Property For Sale NSW
Tenanted Commercial Investment Property For Sale NSW
Secure NSW Government tenanted building investment for sale
For Sale by Expression of Interest closing 4pm 10th May 2023
17-19 & 21 Prince Street and 76 Victoria Street, Grafton NSW
These properties have some outstanding features for the purchaser
Tenanted Commercial Investment Property For Sale, this commercial is currently leased to Property NSW Government Departments with one vacant office under negotiation. The lease runs until June 2026 with a 2-year option.
The property consists of 3 high-quality buildings with a total net lettable area of approximately 3,920sqm. It is located in a prime corner and CBD position, boasting a 90m dual frontage on a 2,183sqm land. The location is conveniently situated within a short walk to restaurants, cafes, bars, retail shops, and a Woolworths & Coles anchored shopping centre.
Grafton, the administrative and commercial hub of the Clarence Valley, has a local government area population of approximately 53,000. The net annual income for this property is estimated to be $905,112 + GST as of July 1st, 2023. There is potential for a net income of $1,028,000, subject to leasing the vacant office and a CPI increase due.
Additionally, the low-interest-rate investment benefit is transferable to the successful buyer, currently at circa 3% until 2026.
This substantial commercial property presents a rare investment opportunity in a highly sought-after location.
Background on Grafton New South Wales
This tenanted commercial investment property for sale is in Grafton, and according to wikipedia , Grafton (Bundjalung-Yugambeh: Gumbin Gir) is a city in the Northern Rivers region of the Australian state of New South Wales. It is located on the Clarence River, approximately 608 kilometres by road north-northeast of the state capital Sydney. The closest major cities, Brisbane and the Gold Coast, are located across the border in South-East Queensland. At the 2021 census, Grafton had a population of 19,255. The city is the largest settlement and, with Maclean, the shared administrative centre of the Clarence Valley Council local government area, which is home to over 50,000 people in all.