Sold

305-309 Grey Street,
Glen Innes 2370, New South Wales

227m² land size
227m² building size
Retail

$547,500


Property details

9.55% GROSS RETURN ON INVESTMENT

Ray White Glen Innes are proud to present 305-309 Grey Street to the market.
305-309 Grey Street features the following investment and building attributes.

• 9.55% Gross Return On Investment.
• Current monthly rent is $4458, with most of the outgoings paid by the lessee.
• The Local a Glen Innes institution in the town's café scene and a unique and stylish function space for small to medium gatherings, whilst also being licensed for alcohol.
• Majority of the furnishings and hospitality equipment are included in the sale.
• Large hospitality equipment included but not limited to are a Coolroom, Convotherm Oven and Eurochill Upright Freezer.
• Positioned in a prized location of the Glen Innes main street with foot traffic throughout the day from retail workers, office workers, and visiting tourists.
• 12m* of street frontage providing dominant exposure to the Glen Innes Main street, all whilst being set on 227m2*.
• Three toilets.
• Front ramp providing disabled person access.

Glen Innes
• Thriving regional town on the crossroads of two major highways providing a steady stream of visiting traffic. New England Highway-Main Inland Route Between Brisbane & Sydney. Gwydir Highway-Grafton to Walgett.
• Glen Innes is proving popular with a wide range of demographics as people relocate to Glen Innes due to rising costs in metropolitan areas and regional coastal areas.

For More Information Contact The Exclusive Agents
Keanu Young-0428 325775
Geoff Hayes-0429 201120

NOTE-The Premises Is For Sale-Not The Business.

Approx*
(All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries)

Explore the area


School catchments

  • St Joseph's Primary School Primary K-6 Catholic 0.36km
  • Glen Innes Public School Primary K-6 Government 0.42km
  • Glen Innes West Infants School Primary K-2 Government 1.2km
  • Red Range Public School Primary K-6 Government 16.2km
  • Ben Lomond Public School Primary K-6 Government 31.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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