Grafton 1/215 Prince Street

Make no mistake, this unit is about $30,000 underpriced, as the owner's situation has changed and they need it SOLD.

Their loss is your gain, so don't hesitate to long on this one. Currently rented for $350 per week, and has been consistently rented for several years, with rent continually increasing.
With Strata fees of about $4284 per year, and Council Rates of about $2000 per year, then this opportunity is calculated to offer a NETT return of over 7%!

The unit is in a good condition and perfectly suited for rentals, the double brick walls are virtually indestructible, carpet is fine, and everything works. The current tenant is in a lease till mid 2025, though if you want to renovate, you can talk to the managing agent.
The proximity to the centre of town, shops and schools makes it highly desirable to tenants as the rental price is often one of the lowest in the area for comparative properties.

The complex itself has 21 units, and is a mix of owner occupiers and renters. A very caring and passionate local agent currently manages over half of the units and they are constantly trying to make the complex a great place to live.

The ground floor position is perfect for easy access without having multiple flights of stairs to walk up or down each day. It has ample sunlight to brighten up the interior, and is a very spacious unit perfect in many ways.

Make no mistake, this unit will not last long at this price. Due to this, we have made a video walk through so you can see it exactly the way it is. No professional editing, so what you see is exactly how it currently is.
Agent interest declared.

Property Information

• Floor area approx 47sqm

Property Features

• Car Spaces 1
• Air Conditioning