2 bedroom property for sale
Australia - 183-185 Prince Street, GRAFTON 2460
like this property?Call: 0061 2 6641 4000
- Close to schools
- Close to Transport
- Landscaped Gardens
This is the only true serviced apartment complex in Grafton. Comprising 8 x 2 bedroom units and 2 x 3 bedroom units in the centre of the city. Appropriately named 'City Centre Apartments' they enjoy exceptional patronage catering for both long and short term stays. The main markets the apartments attract are long term contractors from outside town, families staying over weekends, sporting groups and visitors to the numerous festival events held in Grafton each year. All aprtments are air-condtioned and are cleaned and serviced by the owners and a local contract cleaner when required. Most have been totally refurbished in recent years. Gross income for the past two financial years has been in the $150,000 - $160,000 range. Total land area of the complex is 1440 square metres and they are located across the road from Fisher Park - a major Grafton sporting and recreation centre on the edge of the CBD and the Grafton City Tennis Court complex. There are several options available as we head in to the future making this a very versatile business and investment proposition. You could strata each apartment and sell off individually, rent them to permanent tenants, or, continue to operate the complex as a lucrative serviced apartment business. They take little effort to run and would ideally suit a couple looking for a semi retirement business with strong cash flow.