Looking for an investment far superior to bank interest? This property is located in one of the higher positions in Grafton and with renewed roofing plus fresh exterior paintwork, it makes a very attractive investment. Originally a stylish residence with open verandahs on at least 2 sides, 87 Queen was later converted into 2 flats. Each flat has it’s own separately fenced yard and undercover parking.
Flat 1: One formal bedroom plus a sleepout accessed from front entry porch. Open plan living-kitchen with original sandstock brick chimney housing an electric range. Neat bathroom with separate laundry facilities. Polished timber floors. Single carport accessed from Oliver Street. Estimated rental return: $220 per week.
Flat 2: Two bedrooms and two living areas courtesy of enclosed north facing verandah. Laminated kitchen (again with chimney housing the electric range). Air conditioning. Laundry facilities incorporated into the bathroom. Single carport. Estimated rental return $240 per week.
A very handy location just 1 block from primary school or Aldi. 2 blocks from Coles or 3 blocks from the Prince Street clock tower.
Annual Rates: approximately $3,600