AUCTION 10th AUGUST

Auction Location: On Site

NET RENT: $55,946 (2024 FY)
LAND SIZE: 1012 sqm
BUILDING SIZE: 440 sqm under roof (approx)
ZONING: E3

Grafton Glass & McCrackin Diesel are two long-established local businesses that share this corner site where the Gwydir Highway meets the CBD of South Grafton. It has frontages to Ryan Street and Wharf Street.

Superb exposure by way of high passing vehicular and foot traffic has given them excellent trading conditions since they both began trading here around 2010. Grafton Glass has a local history stretching back to 1975 and its current owners have over 40 years experience in glazing and have owned this business since 2014 (they previously operated as Clarence Valley Glass since 1981 and merged the two businesses).

The owner-manager of McCrackin Diesel has 45 years experience in his trade and describes their relocation to this spot as one of the best business moves he has made.

The property is now offered for freehold sale by public auction on Sat 10th August. Owners have committed to sell at market price to facilitate their retirement planning.

Both current leases are 3 + 3 + 3 years with initial terms running from 18/11/2023-17/11/2026.

Tenants pay water and sewer charges. Landlord pays Council rates and building insurance.

Property and Lease details are as follows:

Address: 95 Ryan Street, South Grafton NSW 2460
Lot 14, Section 8, DP 758914

Land Size: 1012 sqm

Building Size: 440 sqm under roof (approx)

Zoning: Zone E3 Productivity Support

Tenancies:

Unit A
Phillip John Reilly (McCrackin Diesel & 4WD Accessories)
Lease term 18/11/2023 - 17/11/2026 + 2 x 3 year options
Rent $33,090.90 per year + GST
Annual CPI increases plus market reviews at start of options

Unit B
Annden Pty Ltd (Grafton Glass)
Lease term 18/11/2023 - 17/11/2026 + 2 x 3 year options
Rent $32,727.27 per year + GST
Annual CPI increases plus market reviews at start of options

Gross Rent: $65,818.17

Outgoings: Council Rates (2024 FY) $4370
Building Insurance (Current Policy to 28 Feb 2025) $5502
Water & Sewer Charges PAID BY TENANTS

Net Rent: $55,946.17 (2024 FY)

Make no mistake this is a premier commercial offering in that its position and size are high quality but a sale price is expected to be affordable for a range of buyers.

For more information contact commercial agent Angus McKimm via [email protected]