This commercial holding, in Grafton's main street, has had the same blue chip accountancy firm as tenants for over 10 years, but with their lease expiring in August 2011 buyers have the flexibility to renegotiate a lease on more favourable terms as the current per metre rate is under market.

A total of 268 square metres of A Grade office space are available downstairs plus a handy 76 square metres of upstairs storage, that could easily be renovated into more office space.

A walk through reveals tastefully presented offices and meeting rooms, am open reception and appropriate staff amenities.

Rent is currently $38 200 per annum (*GST Inc.) and the tenants pay water & sewerage outgoings.

The Council rates are $2200 p.a. approximately. The last yearly insurance renewal was $1207. Under the present lease the landlord pays both of these expenses.

The rent minus rates, GST and insurance equates to a return per year of 9.6%! An amazing figure given the current rent being acheived is under market rate.

Offered for sale to finalise the estate of Nita McKimm, agents declare interest.

For more information, contact Angus McKimm on 02 6642 18... or 0438 425 1... or angus@mckimms.com.au