1-8/108 Victoria Street, Grafton NSW 2460

Auction

• Wed 4 December @ 6PM 04/12/2024 06:00 PM 04/12/2024 06:00 PM Australia/Sydney Auction for 1-8/108 Victoria Street, Grafton NSW 2460 1-8/108 Victoria Street, Grafton NSW 2460 Ray White TKG false DD/MM/YYYY

AUCTION

8 beds

8 baths

8 parking

HIGH RETURNER IN CENTRAL GRAFTON

Auction Details:
Wednesday 4th of December 6.00pm
Grafton District Services Club

*Building & Pest Inspection Reports Available Upon Request*
*Information Memorandum Available Upon Request*

Situated in the heart of Grafton's CBD, 108 Victoria Street presents a unique investment opportunity that is as rare as it is enticing. This is a property that does not come to market often, making it a highly desirable purchase for serious investors seeking a substantial and strategic addition to their investment portfolio. The current owners have been rewarded by this high returning beauty for over 40 years of ownership. Now is the time to welcome new owners upon the call of the hammer.

The property comprises a substantial 1,288m2 block hosting eight lowset brick units, each offering a smart layout that includes one bedroom, one bathroom with an integrated laundry, and an open plan kitchen, dining, and living area. The design cleverly incorporates a wrap-around driveway providing easy access and each unit benefits from its own single carport located at the rear of the property, enhancing tenant privacy and convenience. Please refer to the floor-plan and site plan provided for an understanding of the layout.

Seven of the eight units are currently occupied by long-term tenants, underscoring the property's consistent rental appeal and adding immediate value and return on investment for the prospective buyer. This property has been held by the same owner for an impressive 44 years, a testament to its enduring value and appeal. Over the years, some units have received minor updates which contribute to the overall maintenance and attractiveness of the property. Further to this, the simple and solid construction of internal brick walls is yet another feature that makes this investment such an easy one to pursue.

Victoria Street is known as one of Grafton most desirable and highly sought after streets. The CBD location provides easy access via footpaths to the main street of Grafton, adding to the list of why this property has rarely ever experienced a vacancy in the 44 year tenure.

Notable features include:
- 1,288m2 block (approx.)
- 8 x 1 bedroom, 1 bathroom units
- 8 x carports
- CBD Location
- Combined current rent $1,960 per week (with vacant unit 2 leased at $300 p/w)
- Combined market value rent $2,420 per week

The strategic location and built-in tenant base make this offering a standout, especially for investors looking to expand their portfolio with a property that promises stability and potential. The sale of 108 Victoria Street is set to take place via auction on December 4th, offering investors a significant acquisition opportunity. Contact The Jake Kroehnert Team from Ray White TKG on 0422 260 192 to declare your interest and to book your inspection.

*Interested parties should note that private inspections are available to view the exterior and the currently vacant unit. However, inspections of the tenanted units will need to align with scheduled open home times to respect the privacy and convenience of existing tenants*
*No photos are available for units 1 & 6*

Disclaimer: All information disclosed herein has been provided from sources we believe to be reliable however we cannot guarantee its accuracy. It is respectfully advised that interested parties carry out their own due diligence.

Property Details

• Type: BlockOfUnits
• Bedrooms: 8
• Bathrooms: 8
• Carport Spaces: 8
• Land Area: 1,288 m² (approx)