Block of Units For Sale - NSW - South Grafton - 2460 - SET OF 4 BRICK TOWNHOUSES (Image 2)

104 Spring Street South Grafton NSW 2460

For Sale OFFERS CLOSE 31 JULY

12 4 4

Property Type Block of Units
Land area approx 2055.00sqm
Floor area approx 683sqm
Region Northern Rivers
Locality Clarence Valley
Garages 4

Tags: Income

SET OF 4 BRICK TOWNHOUSES

Superb medium to long term residential investment right here - with plenty of land to build more.

4 x 3 bedroom townhouses constructed in sturdy brick. Each has the same layout with living areas and toilets on each floor, internal access to lock up garage, separate laundry, individual verandahs.

The 2055sqm lot would fit further townhouses (or other structures) that could be built in future STCA. The zoning is very flexible.

Within a short walk to South Grafton shops and sporting grounds, 1.2km from South Grafton Primary School.

Excellent rental history - one tenant has been in place since construction in 1996. At a very conservative market rent of $395 per week each the total income could exceed $80,000. p.a.

Written offers are invited no later than 31 July. Owner will consider offers with 14 days subject to finance.

Pest & building reports are available.

Zoning is E2 Commercial Centre.

The current rental return is:
Unit 1 Currently Vacant
Unit 2 $395pw
Unit 3 $300pw
Unit 4 $320pw

Expenses include:
Insurance
Building $3568 pa
Contents $1327 pa

Water is approx $1350 per year for entire complex
Rates $9560pa (2024 FY) total