This property has been in the same family ownership for several decades. The premises had long been the home of L.G. Caldwell & Sons Electrical Contractors and other associated family businesses such as Calstar Engineering and Industrial Supplies. In 2010 the Caldwell’s sold some of their business interest to Bearing Services, relocated their electrical business and leased back the entire Queen St premises to Bearing Services, now trading as Calstar Bearings – Engineer and Industrial Supplies.

The property is now being offered for sale strictly as a commercial investment property

Summary Lease Details
Lessor:Planfern Pty Limited
Lessee:Bearing Service Pty Limited
Property: Lot A, B &190 on Plan 376716 & 669303 . 26 – 28 Queen St Grafton
Lease Term: 3 years
Commencement Date: 1 April 2010
Terminating Date: 31 March 2013
Option Term: 3 years
Commencement Rent: $57,200 per annum + GST
Rent Reviews: Rent is fixed for the term of the lease. Upon uptake of the option the rent is to be adjusted according to CPI movement over the initial 3 year period. The rent for the option term will then be fixed for a further 3 years.
Outgoings: Tenants are responsible for payment of 100% of outgoings.

Further Property Particulars:
Rates 2010/2011: $4,793
Land Area: 1073 sq metres
Parking: 16 on site bitumen sealed designated car parking spaces with 6 under cover
Zoning: Business 3(a)
Access: 20.115 metres frontage to Queen St. 53.34 metres frontage to King Lane and a further 20.115 metres frontage to a 6 metre wide rear lane.