10-11 Mulgi Drive South Grafton NSW 2460
For Sale $1,150,000
- Property Type Industrial/Warehouse
- Land area approx 7228.00sqm
- Floor area approx 1131sqm
- Region Northern Rivers
- Locality Clarence Valley
7228 SQM INDUSTRIAL SITE WITH EXISTING CARAVAN AND INDUSTRIAL STORAGE
Currently home to a 11m x 54m caravan storage shed and 8 shipping containers / covered igloo spaces plus secure hardstand.
The site generated $90,000 in rental income last financial year although that amount is currently reduced by the downsizing of a large hardstand tenant. Current gross income is about $4270 per month.
Perfect for further development - 85% of the site is currently vacant and most improvements other than the caravan storage are movable.
The location is in the heart of the South Grafton Industrial Area - the Clarence Valley's largest industrially zoned areas and home to numerous small and large businesses. Access to the Pacific Motorway, the Armidale Road and the Gwydir Highway is excellent.
For developers there is an additional 1330 sqm greenfield site listed for sale bordering this one that could add to the potential.
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Call Agent
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Angus McKimmMcKimms Real Estate Grafton