Offering the best of both worlds; earning both Commercial and Residential rental income, whilst also affording future development potential. 107 Prince Street, Grafton presents a solid investment opportunity.

107 Prince Street, Grafton features two Prince Street shopfronts. Each are tenanted to thriving small businesses who enjoy the foot traffic and high exposure that comes with this location.

Accessed via entry gates on Prince Street is a split level, four bedroom residence. The bedrooms and bathroom are located directly above the shops, whilst the kitchen, living space and a second toilet occupy part of the land holding directly behind the shopfronts.

The resident currently enjoys access to the generous rear yard area which is accessible via Pound Street. Preliminary enquiries with Clarence Valley Council have revealed it is possible to further develop this vacant area allowing a sizable shed of 24m x 8m to be built on the site (STCA).

This Property is situated within the Heritage Precinct however it does not have any Heritage Items attached to it. Therefore, the possibility certainly exists for the site to be developed in full. Zoned B3 Commercial Core the usage of this site is practicable and wide ranging. As is, the Property currently returns a gross annual income of $42,000.00 (NIL GST).

For further information and to arrange inspection, please contact Natasha Watkinson on 0478 705 4....