Here’s your chance to add a substantial commercial property with established leases to your investment portfolio! Set on 1119 m2 of land (Zoned Business 3A) the property is under a 5 year lease to Grafton Glass – an established and well known local business – with the head lease to expire in April 2010 with a further 5 year option. A second tenant occupies the upstairs office and operates as a beautician.
Comprising a large warehouse with offices, staff amenities and street level office/showroom there is approximately 850 square metres of ground level warehouse space, around 120 square metres of ground floor showroom & offices plus kitchen and toilets.
Mezzanine storage provides another 110 square metres of space for the main tenant.

Rent is currently set at $78,000 (GST inc.) for the main tenant with yearly C.P.I. increases until the lease expires in April 2010. The main tenants have indicated their interest in continuing their tenancy subject to negotiations with a future owner regarding changed use of space. The smaller tenant upstairs pays $7,800 per year and has a lease till August 2008.

Outgoings, including $4300 in rates per annum are paid for by the main tenant, with a contribution from the smaller upstairs tenant.

Located in ‘Block 5′ of Grafton’s main commercial precinct – Prince Street – the property has an eclectic mix of neighbours with Video Ezy, Aldi Supermarket, Grafton Wholesalers and Grafton Brake & Steering occupying the surrounding buildings. There is a medical centre and a range of smaller commercial businesses in the area as well as restaurants, a church, pre-school and other businesses.

Grafton is currently in the midst of a commercial building boom of sorts, with McConaghy Holdings investing hundreds of millions in the redevelopment of Grafton Shoppingworld and Leighton Holdings mid way thru a massive capital works project south of the city which is resulting in direct and indirect flow-on investment.

If you are interested in a high return on outlay, the high possibility of capital growth and the control of a major chunk of CBD land then contact Angus McKimm on 0438 425 176 for further info today.

* In excess of $78,000 (ex GST) income per year
* Large freehold commercial property
* CBD location
* Huge warehouse, office and showroom space
* Lease till 2010
* Tenant pays 100% of outgoings