1, 2 & 3/205A Prince Street
Grafton, NSW 2460

Overview

PRIME CBD INVESTMENT OPPORTUNITY

Building and pest inspection reports are available upon request for this prime CBD investment opportunity located in the heart of Grafton's central business district. This unique property at 205A Prince Street offers a rare chance to secure a versatile block of units with three potential income streams, combining commercial and residential elements to suit a variety of buyers.

The property comprises one commercial shopfront and two fully renovated residential units, providing flexibility for investors or owner-occupiers. The shopfront benefits from outstanding exposure to Grafton's main street, making it an ideal location for retail, consulting, or professional services. The open-plan layout includes a kitchenette, powder room, and air conditioning, ensuring comfort throughout the year. Additionally, the shopfront space could be converted into a studio apartment, subject to council approval, allowing for further customization based on the owner's needs.

Unit 1 features three bedrooms, two of which have built-in robes, a main bathroom, separate laundry, and an open-plan kitchen, dining, and living area that creates a modern and comfortable living environment. The unit is equipped with air conditioning in the lounge room, a single carport, and a fully fenced yard, offering privacy and security.

Unit 2 also offers three bedrooms, all with built-in robes, including a master bedroom with an ensuite. This unit includes a spacious bathroom, laundry, and an open-plan kitchen, dining, and living area. Like Unit 1, it has air conditioning in the lounge room, a single carport, and a separately fenced yard. Both units have been fully renovated and are designed to provide comfortable living spaces. Unit 2 is currently tenanted, providing immediate rental income for the new owner.

Set in a central CBD location, this property offers convenience, excellent exposure, and the opportunity to secure a high-performing investment or a flexible live-and-work arrangement. Such opportunities are rare in this sought-after location.

Notable features include:

• Central business district location
• Commercial shopfront with prime street exposure
• Unit 1: 3 bedrooms, 1 bathroom
• Unit 2: 3 bedrooms, 2 bathrooms including ensuite
• Two carports providing parking for two vehicles
• Three air conditioners for year-round comfort
• Two garden sheds for additional storage

Tenancy details are as follows:

• Unit 1: Vacant, previously rented at $460 per week
• Unit 2: Currently tenanted at $480 per week, lease ending 29 September 2026
• Shopfront: Vacant, previously rented between $300 and $350 per week

This exceptional offering at 205A Prince Street combines location, lifestyle, and income potential in one package. It represents a valuable opportunity for investors or owner-occupiers seeking a versatile property in Grafton's CBD. Interested parties are encouraged to conduct their own due diligence to verify all information.

Location