Located with dual street frontage to Fisher Street & Duke Street right in the centre of Grafton, this property offers the purchaser an historic duplex with 2 tenancies available and a swathe of development friendly vacant land that you could subdivide and develop or simply hold onto for later plans while you collect two rents from the building.
With a likely build date in the 1890’s, the historic duplex is actually a 6 bedroom, 2 kitchen, 2 bathroom house that has been modified into:
Unit 4A – leased for $225 per week to a long term and very houseproud tenant and offering 3 bedrooms, 1 bathroom and a private fenced yard. There is space for a car to park near the yard and the access runs off Prince Street by Fisher Street. There is a formal lounge room and a dining area. The long term tenant loves living here and would be very keen to sign a new long term lease.
UNIT 4B – last rented for $220 per week it is now a 3 bedroom, 1 bathroom flat with a lounge room and a sunroom. A long skinny kitchen/dining area runs along the back and this unit enjoys great peace a and quiet as it if further from either road frontage.
The balance of the land – which is approx. 1437 sqm in total is vacant and with an approx. 20m frontage to Duke Street just a block from Grafton Shoppingworld is ripe for future re-development into higher density residential housing – perhaps another duplex STCA.
A solid income from two tenancies plus a future development site (STCA) awaits you here at 67 Duke Street. Contact McKimm’s Real Estate for information and inspection times.
