54 Spring Street South Grafton, 2460 NSW
SECURE 10-YEAR INDUSTRIAL INVESTMENT WITH 3 STREET FRONTAGES
A secure, set-and-forget industrial investment, this well-positioned property is leased to the recently acquired Decomagic Blinds & Awnings business on a brand-new 10-year lease with a further 5-year option, providing long-term income security for the incoming owner.
The current owners are offering the property for sale to finalise their retirement plans, creating an opportunity to secure a quality industrial asset with an established tenant already in place.
Lease Details
Lease Term: 1 June 2026 – 31 May 2036
Further Option: 5 Years
Net Rental: $27,264 per annum
Annual Rent Reviews: Fixed 3% increases
Council Rates and Building Insurance paid by the landlord.
Positioned on a prominent site with frontage to Spring Street, Wharf Street and Orr Street, the property offers approximately 212m² of enclosed building area, together with a 54m² covered carport and additional side and rear parking.
Internally, the improvements comprise a welcoming reception area, private office, expansive clear-span warehouse, staff amenities and covered rear loading/storage space, making the property well suited to a wide range of industrial and trade-based uses.
With secure long-term income, fixed annual rental growth and an established local tenant, this is an outstanding opportunity for investors seeking a quality industrial holding with minimal management requirements.
For Sale PRICE GUIDE: $375,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Angus McKimm