30-34 Skinner StreetSouth Grafton NSW 2460
Property Details for 30-34 Skinner St, South Grafton
Last Listing description (October 2017)
Already an established hive of activity and return clientele this commercial building offers two shop fronts (leased as a restaurant & clothes shop) plus two units. Rental returns are clearly on the rise there is not only potential for capital growth but also strong ROI. Credit is due to the sellers who have ensured business owners in this part of town are rewarded with consistency. Let s talk numbers Below find the expected rental income:
-Shop 1, The Naked Bean Restaurant Prime street frontage, with double door access. Internally it features a large commercial kitchen, three split level dining areas and toilet amenities. Expected rent $450.00 per week.
- Shop 2, The Nice Rack Prime street frontage, original pressed tin walls. Current rent $180.00 per week.
- Unit 2, Three bedroom unit with one bathroom, large veranda, period style features and some renovations. Current rent $180.00 per week.
Providing an estimated gross weekly income of $990.00 per week or an annual gross income of around $51k. At current the water rates are paid by the owner however electricity is metered separately and each individual tenant is responsible for their own. Council rates are approximately $2800.00 per annum. With improvements and movement in the market this income opportunity has no limitation.
Contact Elders Real Estate or Dave Dart on 0427 440 808 for scheduled viewing times for this property due to the number of tenants.
Property History for 30-34 Skinner St, South Grafton, NSW 2460
- 18 Oct 2017Sold for $420,000
- 29 Mar 2017Listed for Sale $420,000
- 03 Aug 2004Sold for $260,000
Recent sales nearby
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0About South Grafton 2460
The size of South Grafton is approximately 24.9 square kilometres. There are 17 parks, covering nearly 6.9% of the total area. The population of South Grafton in 2016 was 6068 people. By 2021 the population was 6288 showing a population growth of 3.6% in the area during that time. The predominant age group in South Grafton is 10-19 years. Households in South Grafton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Grafton work in a community and personal service occupation.In 2021, 60.70% of the homes in South Grafton were owner-occupied compared with 60.60% in 2016.
South Grafton has 3,408 properties. Over the last 5 years, Houses in South Grafton have seen a 46.01% increase in median value, while Units have seen a 35.47% increase. As at 30 September 2026:
- The median value for Houses in South Grafton is $476,762 while the median value for Units is $412,016.
- Houses have a median rent of $520 while Units have a median rent of $440.
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