New 3 + 3 + 3 year lease.
IMPORTANT: The major council works depot for the city.
Grafton – population 18,500 and growing, administrative centre for the thriving Clarence Valley.
Substantial land holding of 11,770 sqm close to Grafton CBD.
Building area 2,225 sqm plus significant hard stand.
Long term residential potential.
Tenant pays all outgoings, as per lease.
Easily managed Government tenant investment.
Fixed annual 3% rent increases.
Net Income: $82,500 pa + GST.