NJW Commercial are pleased to present For Sale 42 Hyde Street, South Grafton a tenanted industrial property investment opportunity.

The Property is tenanted by Workforce International Pty Ltd on a new three year lease, commencing July 2022. Workforce International provide traffic management solutions and use the property as a vehicle depot and ancillary office.

42 Hyde Street is generating a net income of $52,500.00 + GST per annum with the tenant contributing to the following Outgoings Expenses:
- Council Rates
- Insurance
- Water, Sewage and Trade Waste
- Property Management Fees

42 Hyde Street, South Grafton is conveniently located in the South Grafton Industrial precinct enjoying unrivalled exposure in it's prominent corner position to adjoining Armidale Road. This position provides easy and convenient access to Big River Way (connecting vehicular traffic to the Pacific Highway), the Gwydir Highway as well as the Summerland Way.

Located on the Property is a generous 400sqm shed, comprising a mix of colourbond and brick construction. This main building comprises of triple bay workshop / storage as well as office / showroom. Entry to the workshop is available through two roller entry doors offering an access clearance height of 3.6m, with an internal clearance of 4m (to the eaves). The large, air-conditioned office / showroom is complimented with staff kitchen, toilet, and shower amenities as well as a separate office and storage located on the mezzanine level.

The Property is fully fenced and offers easy access through dual entry gates from Hyde Street. Heavy vehicles have historically serviced the Property and recent improvements to the yard area have allowed additional parking and vehicle manoeuvrability on the site.

Located approximately 620km to the North of Sydney and approximately 315km to the South of Brisbane is Grafton. Grafton is the first city of the North Coast, located on the banks of the Clarence River within the Clarence Valley Local Government Area. Grafton is home to around 19,000 residents (at June 2018) and has a rapidly growing population. As the Central Business District of the Clarence Valley, Grafton services a population of 51,000 people across the Clarence Valley Council area.

The Industrial property market proved resilient against the economic impacts associated with COVID-19, bucking expectation and experiencing a rapid value increase both locally and Australia wide. This growth trend is expected to continue in the years to come. 42 Hyde Street, South Grafton truly is your opportunity to invest in this growth Market. To register your interest and obtain a copy of the contract of sale, please contact Natasha Hillery of NJW Commercial on 0478 705 4....