10-11 Mulgi Drive South Grafton NSW 2460
Sold $950,000
- Property Type Industrial/Warehouse
- Land area approx 7228sqm
- Floor area approx 1131sqm
- Region Northern Rivers
- Locality Clarence Valley
MAJOR PRICE DROP! 7228 SQM INDUSTRIAL SITE WITH ESTABLISHED INCOME STREAMS
Currently home to a 11m x 54m caravan storage shed with 18 tenancies and 8 shipping containers / covered igloo spaces plus secure hardstand ( approx 10-15 additional tenancies that vary according to hardstand demand).
The site generated $90,000 in rental income in recent financial years although that amount is currently reduced by the downsizing of a large hardstand tenant. Current gross income is $60,000 a year as of 30 June 2025. Current long term major hardstand tenant is well respected agri-business McGregor Gourlay paying over $20k p.a.
Perfect for further development - ~85% of the site is currently unimproved and most improvements that are there 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 area and home to numerous businesses in timber, ag and manufacturing. 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