$380,000.00

6

2

2

DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK

** Agent Declares Interest **

Two tenancies in the one building! This is a superb investment opportunity with an exemplary rental history and a high rate of return (7.3% gross rental return on asking price). This 2 x 3 bedroom torrens-title duplex offers surprising size for its tenants with each side enjoying formal lounge, dining areas, individually fenced backyards, individual laundries, large master bedrooms and individual carports plus large lockable store rooms.

Owned by one of the directors of McKimm’s Real Estate since 2003 the property has been extensively improved over the years with new electrical wiring (2005), new sewer junction (2009), new carports (2011), new fencing (2012), new roof (2017) and new external paint (2017) amongst a long list of other upgrades.

Each side of the duplex has air conditioning and ceiling fans, there is good built in storage and the location is just 4 blocks from Aldi or 7 blocks from Grafton Shoppingworld. Despite being located on Grafton’s main street the traffic is lighter up this end and the proximity to the large Jacaranda Park (diagonally over the road) and the Grafton Base Hospital (two blocks around the corner) is handy.

264 Prince St: Returns $265 per week, has 2 laundries and shows its hardwood timber flooring. It has been leased to the same lovely tenant for 4 years. Her lease expires in November 2020 (her rent will increase to $280 per week in November 2019).

266 Prince St: Returns $300 per week, has a mix of carpet and vinyl flooring, a more modern laundry and large built ins in the master bed. It is leased to a hard working single lady who has been in place for over a year, her lease expires in May 2019.

Previous tenancies have stayed in place for 6 – 10 years or more as the affordable rent and central location seems to retain quality occupants.

The building was originally constructed in the 1940’s and is constructed of weatherboard with hardwood framing set on brick piers. The dividing wall between the two units is rendered block. It has had annual pest inspections by a local Pest Control company giving it a clean bill of health.

Each side has its own power and water meters.

Pest & building reports are available to any interested purchasers. Contact agents for more details.

264-266 Prince Street, Grafton

DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 1
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 2
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 3
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 4
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 5
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 6
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 7
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 8
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 9
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 10
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 11
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 12
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 13
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 14
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 15
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 16
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 17
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 18
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 19
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 20
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 21
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 22
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 23
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 24
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 25
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 26
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 27
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 28
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 29
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 30
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 31
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK -image 32

$380,000

6

2

2

Description
DUPLEX WITH TWO RESIDENCES, TWO TENANTS, RETURNING $565 PER WEEK

** Agent Declares Interest **

Two tenancies in the one building! This is a superb investment opportunity with an exemplary rental history and a high rate of return (7.3% gross rental return on asking price). This 2 x 3 bedroom torrens-title duplex offers surprising size for its tenants with each side enjoying formal lounge, dining areas, individually fenced backyards, individual laundries, large master bedrooms and individual carports plus large lockable store rooms.

Owned by one of the directors of McKimm’s Real Estate since 2003 the property has been extensively improved over the years with new electrical wiring (2005), new sewer junction (2009), new carports (2011), new fencing (2012), new roof (2017) and new external paint (2017) amongst a long list of other upgrades.

Each side of the duplex has air conditioning and ceiling fans, there is good built in storage and the location is just 4 blocks from Aldi or 7 blocks from Grafton Shoppingworld. Despite being located on Grafton’s main street the traffic is lighter up this end and the proximity to the large Jacaranda Park (diagonally over the road) and the Grafton Base Hospital (two blocks around the corner) is handy.

264 Prince St: Returns $265 per week, has 2 laundries and shows its hardwood timber flooring. It has been leased to the same lovely tenant for 4 years. Her lease expires in November 2020 (her rent will increase to $280 per week in November 2019).

266 Prince St: Returns $300 per week, has a mix of carpet and vinyl flooring, a more modern laundry and large built ins in the master bed. It is leased to a hard working single lady who has been in place for over a year, her lease expires in May 2019.

Previous tenancies have stayed in place for 6 – 10 years or more as the affordable rent and central location seems to retain quality occupants.

The building was originally constructed in the 1940’s and is constructed of weatherboard with hardwood framing set on brick piers. The dividing wall between the two units is rendered block. It has had annual pest inspections by a local Pest Control company giving it a clean bill of health.

Each side has its own power and water meters.

Pest & building reports are available to any interested purchasers. Contact agents for more details.

Agent Details
Agency Details
McKimms Real Estate

location

98 Fitzroy Street,
GRAFTON NSW 2460

Key Details
property ID 1747826
land size 511m2
council rates $4707 per year
Media
Location