305-309 Grey Street, Glen Innes NSW 2370

$560,000

9.55% GROSS RETURN ON INVESTMENT

Ray White Glen Innes are proud to present 305-309 Grey Street to the market.
305-309 Grey Street features the following investment and building attributes.

• 9.55% Gross Return On Investment.
• Current monthly rent is $4458, with most of the outgoings paid by the lessee.
• The Local a Glen Innes institution in the town's café scene and a unique and stylish function space for small to medium gatherings, whilst also being licensed for alcohol.
• Majority of the furnishings and hospitality equipment are included in the sale.
• Large hospitality equipment included but not limited to are a Coolroom, Convotherm Oven and Eurochill Upright Freezer.
• Positioned in a prized location of the Glen Innes main street with foot traffic throughout the day from retail workers, office workers, and visiting tourists.
• 12m* of street frontage providing dominant exposure to the Glen Innes Main street, all whilst being set on 227m2*.
• Three toilets.
• Front ramp providing disabled person access.

Glen Innes
• Thriving regional town on the crossroads of two major highways providing a steady stream of visiting traffic. New England Highway-Main Inland Route Between Brisbane & Sydney. Gwydir Highway-Grafton to Walgett.
• Glen Innes is proving popular with a wide range of demographics as people relocate to Glen Innes due to rising costs in metropolitan areas and regional coastal areas.

For More Information Contact The Exclusive Agents
Keanu Young-0428 325775
Geoff Hayes-0429 201120

NOTE-The Premises Is For Sale-Not The Business.

Approx*
(All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries)

Property Details

• Type: Retail, Other, Other
• Building Area: 227 m² (approx)
• Land Area: 227 m² (approx)
• Tenancy: Tenanted
• Zone: E1 Local Centre