Secure 7 year lease to 2023 (Carpet Court).
Renewed 5 year lease to December 2020 (Rockmans).
Strong Prince Street location with dual street access (Wisemans Way).
Backs on to main shopping mall with Coles, Woolworths, Target, Big W with substantial free parking.
Substantial 2,050 sqm building.
Furniture Court – major nationwide network of 32 outlets.
Rockmans – successful chain with 277 stores nationwide.
Grafton: administrative and commercial hub of the Clarence River Valley with an LGA population of 51,040.
Major infrastructure upgrades (bridge, motorway) underpin economic growth.
4% and CPI annual rent reviews.
Easily managed, high quality investment.
9% yield anticipated.
Net Income: $225,183 pa + GST.