116 Symonds Street, Grafton presents a unique opportunity to purchase a trophy, character building along an arterial CBD Street, just up from the learning precinct. 116 Symonds is a character, trophy asset steeped in history and characteristics that set it apart.
Originally built in the 1930's for a church, the property has been extensively renovated and converted to allow a variety of commercial uses. Nestled on a corner-site, there is approximately 600sqm of floor area, majority of which are on the ground floor, which consists of a entrance foyer and a large open planned area with high-ceilings. Below, there is a basement level which includes 12 secure, exclusive car parks.
Currently tenanted by 2 separate tenancies, the property brings in a net annual income of approx. $325,000 + GST + OPEX. Both leases commenced in 2021 with 5 year lease periods, and rights of renewals extending out to 2036. However, there is also the option to have the property vacant, creating a chance to be an owner occupier.
Symonds Street is well positioned with easy access to major road networks, including the Southern and South-Western motorway links, while being well serviced by public transport routes.
Highlights include:
• 602sqm (approximately) Floor Area
• 580sqm (more or less) Land Area
• 12 Secure Carparks
• Significant exposure to Symonds Street
• Ret. $326,305 + Gst + Opex
• Can be sold Vacant
• 80% Seismic Rating
• Unique, Character space with high-ceilings
• Well-serviced by Public Transport and surrounding commercial amenity
For Sale by Price By Negotiation
Please contact the exclusive selling agents below to arrange an inspection or for further or for a copy of Information Memorandum.